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Earnings Call Transcript

Samhi Hotels Earnings Call Transcript: Key Takeaways

Samhi is pivoting towards upscale assets to offset mid-scale margin compression caused by GST changes. While RevPAR growth remains resilient at 9.6%, an enabling resolution for a 750 Cr fundraise suggests preparation for opportunistic distress acquisitions.

Guidance and delivery
Revenue: guided vs achieved 10.80% achieved Guided 9.00%–11.00%
Management target Revenue FY31
Highlights
Revenue growthComparable revenue up 10.8%; total income reached 308.3 Cr.
MarginsUpscale segment to drive margins; mid-scale impacted by GST changes.
Order bookCommitted pipeline of 1,660 rooms across 7 new hotels.
Demand visibilityStrong domestic demand; international travel recovering after West Asia crisis.
Management confidenceBalanced; focused on financial discipline and board flexibility for growth.

Growth

Revenue grew 10.8% on a comparable basis, driven primarily by 79.3% occupancy despite international travel headwinds.

Outlook

Management targets 3,000 Cr cumulative cash flow by FY31 and doubling revenue by 2030.

Risks

GST regime change from 12% with ITC to 5% without ITC significantly impacts mid-scale margins.

Last quarter's promises, checked

Delivered

  • Revenue growth 9-11% → delivered 12.3% (= BEAT)
  • Net Debt-to-EBITDA ~3x → delivered 3.07x (= BEAT)
  • PBT before exceptional items ~INR 165 Cr → delivered INR 165 Cr (= BEAT)

Partly delivered

  • GIC platform funding INR 750 Cr → delivered INR 600 Cr to date (= PARTIAL)

Missed

  • EBITDA growth 19-20% (adjusted) → delivered 13% (adjusted) (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: SAMHI. Summary written with AI assistance from the document.

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Samhi Hotels Ltd: key numbers

Share price
₹159.19
Market cap
₹3,540 Cr
Revenue (annual)
₹1,248 Cr
Net profit (annual)
₹503.0 Cr
P/E (TTM)
7.0×Sector 43.7×
Promoter holding
0.00%+0.00% QoQ
FII holding
44.62%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Annual General Meeting

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Samhi Hotels Ltd reported voting results for its Annual General Meeting held on 31 August 2026. All five resolutions were successfully passed by the shareholders.

Value
₹750.0 Cr
18:52 IST BSE
Earnings Call

Samhi Hotels Earnings Call: Key Takeaways

Samhi delivered solid FY26 results with 12.3% revenue growth, beating its 9-11% guidance despite significant geopolitical and environmental disruptions. Profit before tax nearly doubled, though one-time tax assets and reversals heavily inflated the reported bottom line.