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SAMHI Reports Robust Q4 FY24 Growth

  • May 31, 2024
  • 2 min read
SAMHI Reports Robust Q4 FY24 Growth

For FY24, we achieved a total revenue of Rs. 978.7 crore and EBITDA of Rs. 348.4 crore

SAMHI Hotels Limited, a prominent branded hotel ownership and asset management platform in India, announced its audited Standalone and Consolidated results for the quarter ended 31st March 2024.

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “We achieved a total revenue of Rs. 289.9 crore and EBITDA of Rs. 107.7 crore during the quarter and have turned PAT positive. This was supported by a strong operational performance of our hotels which continue to benefit from significant growth of India’s commercial office and aviation market.

For FY24, we achieved a total revenue of Rs. 978.7 crore and EBITDA of Rs. 348.4 crore. If we include ACIC for the unconsolidated period, the same will be Rs. 1052.7 crore and Rs. 368.1 crore respectively.

Reduction in debt and finance cost 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 favorable locations & positioning, completion of the ACIC Portfolio integration, strategic renovation, and rebranding initiatives. Growth in EBITDA, reduction in ESOP expenses and corporate G&A sets us for a strong PAT growth in FY25 and beyond.

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