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SAMHI Hotels Limited (BSE: 543984, NSE: SAMHI), a prominent branded hotel ownership and asset management platform in India, today announced its unaudited Standalone and Consolidated results for the quarter ended 30th June 2026.

Q1 FY27 — KEY HIGHLIGHTS

* RevPAR1 at Rs. 5,219, up 9.6% YoY, despite geopolitical disruptions

* Occupancy1 stood at ~79.3% (up from ~74.2% Q1-FY26)

* Total Income for the quarter was Rs. 3,083 Mn, up 10.8% YoY Comparable2 and +7.3% YoY Reported

* EBITDA for the quarter was Rs. 1,013 Mn, up 12.1% YoY Comparable2, down 4.1% YoY Reported

* Effective Interest Rate is 7.8%, ~300bps lower since IPO

* Net Debt to EBITDA is at ~3.2x, ~2.4x on Operating Assets

* PAT stood at Rs. 249 Mn, up by 29.6% YoY

CONSOLIDATED FINANCIAL HIGHLIGHTS

1. Based on same-store, i.e., excludes the Trinity acquired in Oct’24, HIEX Greater Noida (reopened in Dec’24), HIEX Kolkata (opened in May’25), Caspia Delhi (discontinued operation) and Sheraton Commercial

2. Comparable excludes one-time GIC-transaction related items in Q1FY26 and the GST input tax credit (ITC) impact in Q1FY27.

3. Includes the impact of: ~?91mn of one-time other income in Q1FY26 on account of a subsidiary capital restructuring related to the GIC transaction.

4. Includes the impact of: ~?21mn of one-time GIC transaction expenses in Q1FY26, ~?92mn of GST – input tax credit (ITC) impact of operating expenses in Q1FY27

5. Profit/Loss from discontinued operations represents Caspia Delhi

DEBT PROFILE

1. Excluding ESOP & One-time Expenses

2. Excludes Caspia Delhi EBITDA on TTM basis

3. Capital allocated towards W (HITEC Hyd.), Westin Bglr., HRP Apartments, Sheraton Rooms & Apartments, HIEX (Wht. Bglr.) and other capital expenditure

4. As on 30th June 2026. Please note that the interest rate includes the upfront fee which is amortized over the estimated repayment period

5. Does not include non-cash finance cost items such as interest on lease, EIR, etc. which are charged to P&L

MANAGEMENT COMMENTARY

Commenting on the performance, Mr. Ashish Jakhanwala, MD & CEO, SAMHI Hotels Ltd., said:

I am pleased to report another quarter of resilient performance despite temporary geopolitical headwinds. On a comparable basis, RevPAR grew 9.6% YoY, Total Income grew 10.8% YoY on comparable basis to ?3,083 million, while Consolidated EBITDA increased 12.1% YoY on comparable basis to ?1,013 million. Operating EBITDA margin improved to 36.0% (excluding the GST impact) and Occupancy remained healthy at 79.3%, reflecting the continued strength of our operating platform.

The quarter witnessed some disruption to international travel due to the Middle East conflict. However, the resilience of domestic demand, supported by sustained corporate travel and MICE activity, enabled us to deliver healthy growth and maintain strong operating performance across our portfolio.

Our growth pipeline remains on track, with ongoing hotel additions, rebranding and renovation initiatives expected to increase the share of upscale inventory from ~41% to ~60% by FY2030, driving higher revenue per key and margins.

Our strategic partnership with RARE India extends our capabilities into the experience-led leisure segment. Combined with the proposed Marriott distribution partnership, RARE positions us to benefit from the structural growth in premium leisure travel through a disciplined, asset-light approach. In addition, we intend to provide succession capital to select RARE hotels by making small, tactical investments in `high-quality leisure assets, enabling us to gradually scale our leisure portfolio while maintaining a prudent capital allocation strategy. 

Looking ahead, we are confident that our growth pipeline within the core portfolio, together with the progress at RARE India, provides a strong runway for long-term growth. The increasing share of upscale inventory, which remains unaffected by the recent GST changes, is expected to support operating EBITDA margins of approximately 40%.

Our balance sheet remains strong, with Net Debt to EBITDA at a comfortable ~3.0x. With interest outflows expected to remain stable, we are well positioned to further strengthen our free cash flow generation, providing greater financial flexibility to support our long-term growth initiatives.

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