Monday, Jun 17 2024 | Time 10:01 Hrs(IST)
Business Economy

SAMHI reports robust Q4 FY24 growth

Gurugram, May 30 (UNI) SAMHI Hotels Limited, a prominent branded hotel ownership and asset management platform on Thursday announced its audited standalone and consolidated results for the quarter ended March 31, 2024.
Commenting on the performance, Mr. Ashish Jakhanwala, Chairman and Managing Director, SAMHI Hotels Ltd., said, We achieved a total revenue of Rs. 2,899 million and an EBITDA of Rs. 1,077 million during the quarter and have turned PAT positive.
This was supported by the strong operational performance of our hotels, which continue to benefit from the significant growth of India’s commercial office and aviation markets.
For FY24, we achieved a total revenue of Rs. 9,787 million and an EBITDA of Rs. 3,484 million. If we include ACIC for the unconsolidated period, the same will be Rs. 10,527 Mn and Rs. 3,681 Mn, respectively.
A reduction in debt and finance costs allows SAMHI to be well-positioned to generate significant free cash flow from operations in FY25, providing resources to fuel both internal and external growth opportunities.
Looking ahead to FY25, SAMHI is poised for robust growth. This trajectory will be propelled by a multitude of factors, including continued RevPAR growth in our same-store hotels due to their favourable locations and positioning, the completion of the ACIC Portfolio integration, strategic renovation, and rebranding initiatives.
Growth in EBITDA, a reduction in ESOP expenses, and corporate G&A set us up for strong PAT growth in FY25 and beyond.
SAMHI is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership, and a professional management team.
SAMHI has long-term management arrangements with three of the most established and well-recognised global hotel operators, namely Marriott, IHG, and Hyatt. SAMHI has a portfolio of 31 operating hotels comprising 4,801 keys and has a diverse geographic presence in 13 cities across India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, and Pune.
SAMHI has 2 hotels under development with a total of 461 keys in Kolkata and Navi Mumbai.
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