SAMHI Hotels Limited (BSE: 543984) (NSE: SAMHI) a prominent branded hotel ownership and asset management platform in India, announced its unaudited Standalone and Consolidated results for the quarter ended June 30, 2024.
Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “We achieved total revenue of Rs. 2,568 Mn and consolidated EBITDA1 of Rs. 934 Mn. During the quarter, RevPAR2 grew by 13.0% YoY, demonstrating that our core markets & demand drivers continue to grow strong. The integration of ACIC is proceeding well and has resulted in ~520 bps margin improvement in Q1FY25 vis-à-vis H1FY24 (pre-acquisition). We have also started rebranding of two of the ACIC hotels and this will help us materially increase its contribution to SAMHI.”
He added, “We have good liquidity position and have strong free cash flows from operations in FY25, providing resources to fuel both internal and external growth opportunities. With continued growth in our existing portfolio, the opening of new hotels, renovation, rebranding of ACIC assets, and a robust pipeline in key markets, our growth prospects remain strong in the coming quarters.”
