SAMHI Delivers Strong Revenue Growth, Margin Expansion during Q4 and FY25 & Significant Debt Reduction with the GIC transaction

Discover SAMHI Hotels Limited's audited financial results for Q4 and the fiscal year ending March 31, 2025. Explore insights into India's hotel industry.

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Q4 FY25
  • RevPAR up 20.6% YoY
  • Asset Income up 13.6% YoY
  • Asset EBITDA up 17.7% YoY
  • PAT Rs.459 Mn
FY25
  • RevPAR up 16.5% YoY
  • Asset Income up 17.7% YoY
  • Asset EBITDA up 21.2% YoY
  • PAT Rs.855 Mn

Gurugram, 30th May 2025: SAMHI Hotels Limited, a prominent branded hotel ownership and asset management platform in India, announced its audited Standalone and Consolidated results for the quarter and year ended 31st March 2025.

“The results for Q4 and FY2025 performance reflects SAMHI’s focus on expanding high-quality hotel portfolio, driving strong revenue growth, and delivering robust EBITDA performance. Positive momentum in room rates, effective portfolio management, and disciplined execution continue to reinforce our leadership in the hospitality sector.
We are pleased to announce the completion of our strategic partnership with GIC, a globally respected long-term investor. Together, we have launched a dedicated Upscale+ hotel investment platform—an important milestone that speaks to the strength of our operating model, the quality of our assets, and our capability to execute value-accretive strategies at scale. The initial seed portfolio of over 1,000 rooms in key commercial hubs like Bengaluru and Pune underscores our commitment to high-demand, high-barrier-to-entry markets.
Post the GIC deal, our Net Debt to EBITDA stands at 3.2x, enabling us to fund growth efficiently while maintaining financial discipline.
Looking ahead, we remain focused on scaling efficiently, strengthening margins, and enhancing shareholder value. With a future-ready platform, strong institutional backing, and a clear roadmap for growth, we are confident in our ability to continue delivering strong, sustained returns for our stakeholders.”
 
Key Highlights for Q4FY25:
  • RevPAR1 at Rs. 5,958 up 20.6% on a YoY basis demonstrate strong business demand across key markets with established larger base of demand and continued growth in commercial activities across key markets driving RevPAR growth.
  • Occupancy stood at 75% for Q4FY25.
  • Asset Income and Asset EBITDA grew YoY by 13.6% and 17.7% respectively. Q4FY25 Asset Income and Asset EBITDA YoY change % on a same store basis is 15.8% and 22.0% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in income and EBITDA.
  • The Finance cost decreased to 9.2% as of May 15, 2025, compared to 9.4% as of December 31, 2024.
 
Key Highlights for FY25:
  • RevPAR1 at Rs. 5,015 up 16.5% on a YoY basis. Occupancy stood at 74% for FY25.
  • Asset Income and Asset EBITDA grew YoY by 17.7% and 21.2% respectively.
  • ESOP costs stood at Rs. 177 Mn which is expected to reduce to ~Rs. 100 Mn in FY26
1 Based on same store, i.e., excludes the ACIC Portfolio acquired in Aug’23, Trinity acquired in Oct’24, Holiday Inn Express Greater Noida (renovated and reopened in Dec’24 and Caspia Delhi (under renovation)
Consolidated Financial Highlights:
In Rs. Mn
Q4FY25
Q4FY24
YoY%
FY25
FY24
YoY%
Asset Income
3,195
2,813
13.6%
11,333
9,630
17.7%
Asset EBITDA
1,370
1,163
17.7%
4,576
3,777
21.2%
Asset EBITDA%
42.9%
41.4%
 
40.4%
39.2%
 
Net Corporate G&A
-62
-87
 
-142
-293
 
Consolidated EBITDA
(pre-ESOP & one-time expenses)
1,307
1,077
21.4%
4,434
3,484
27.3%
ESOP & One-Time Expenses
-44
-115
 
-177
-606
 
Consolidated EBITDA
(Reported)
1,263
962
31.3%
4,257
2,879
47.9%
PAT
459
113
 
855
-2,346
 
 
Debt Profile:
In Rs. Mn
Mar 31, 2024
Mar 31, 2025
Post GIC (as on date)
Net Debt
18,242
19,669
14,289
TTM EBITDA1
3,681
4,434
4,434
Net Debt : EBITDA
4.9x
4.4x
3.2x
Interest Rate
9.8%
9.2%2
9.2%
Annualised Interest Cost3
1,990
1,900
1,430
1 Excluding ESOP & One-time Expenses
2 As on 15th May 2025
3 Does not include non-cash finance cost items such as interest on lease, EIR, etc. which are charged to P&L
 
  
About SAMHI Hotels Ltd.
SAMHI is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership and professional management team. SAMHI has long-term management arrangement with three of the established and well recognized global hotel operators, namely, Marriott, IHG and Hyatt. SAMHI has a portfolio of 32 operating hotels comprising 4,948 keys and has a diverse geographic presence in 14 cities across India, including National Capital Region (NCR), Bangalore, Hyderabad, Chennai and Pune.