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SAMHI
Q2 FY26 Financial Performance
For the quarter ended September 30, 2025, Samhi Hotels reported a massive 691% year-on-year surge in Net Profit, reaching ₹99.8 crore. Total income for the quarter rose 11% to ₹296.3 crore. This profit jump was significantly aided by an exceptional gain of ₹84.1 crore, which included a reversal of land impairment in Navi Mumbai (₹69.6 crore) and gains from the sale of the Caspia hotel in Delhi (₹14.5 crore).
Operational Metrics & RevPAR
The company’s Revenue per Available Room (RevPAR) grew by 11.2% year-over-year to ₹5,026, supported by steady demand in key commercial hubs. Occupancy remained healthy at 75% for the quarter. Management has guided for a same-store revenue growth of 9–11% CAGR over the next 3 to 5 years, expecting the second half of FY26 to outperform the first half due to seasonal demand and new inventory additions.
Navi Mumbai & Hyderabad Expansion
Samhi has announced two landmark development projects. In Navi Mumbai, it is developing a dual-branded hotel (Westin and Fairfield by Marriott) near the new International Airport, with an initial 400 rooms and potential to expand to 700. In Hyderabad, the company signed a long-term variable lease for a 260-room mid-scale hotel in the Financial District. These projects are part of a strategy to reach a portfolio of over 6,300 rooms in the near future.
Debt Management & Credit Rating
The company has significantly improved its balance sheet, reducing its net debt-to-EBITDA ratio to 2.9x as of September 2025 (down from 4.4x in March 2025). Net debt stood at ₹1,370 crore, following a strategic equity infusion from GIC. Reflecting this improved financial health, CARE Ratings upgraded Samhi’s credit rating to A+ (Stable) in late 2025#WatchOutFor#TechnicalViews#FundamentalViews#EquityResearch#PersonalFinance
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