Additionally, Asset Income and Asset EBITDA grew by 20.4% and 28.1%, respectively.
SAMHI Hotels Limited a branded hotel ownership and asset management platform in India, announced its unaudited Standalone and Consolidated results for the quarter and half year ended 30th September 2024.
In Q2FY25, the company delivered strong financial performance, with Revenue per Available Room (RevPAR) increasing by 16.5% YoY to Rs. 4,529, reflecting robust business demand across key markets.
This growth was driven by a larger established base of demand and continued expansion in commercial activities. Occupancy improved to 75%, up from 72% in the same quarter last year.
Additionally, Asset Income and Asset EBITDA grew by 20.4% and 28.1%, respectively, supported by strong same-store growth and the positive impact of the ACIC acquisition, further bolstering both income and EBITDA performance.
Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “The results for Q2 and H1 FY25 reflect our continued commitment to expanding inventory, driving strong revenue growth, and delivering robust EB/TOA performance. The integration of AC/C is progressing smoothly, contributing to a significant margin improvement of approximately 590 basis points in Q2 FY25 compared to H1 FY24 (pre-acquisition). Our core markets remain resilient, with occupancy levels continuing to rise. For Q2 and H1 FY25, occupancy stood at 75%, reflecting the ongoing demand for our assets.”
Jakhanwala further added, “I am also pleased to announce the signing of a long-term, variable lease in Hitec City, Hyderabad. This agreement aligns with our strategic focus on increasing the proportion of long-term leases to enhance capital efficiency and generate higher risk-adjusted returns. The transactions in Bangalore Whitefield and Hyderabad Hitec City will drive substantial growth in our Upper Upscale and Upscale inventory, contributing to the premiumization of our existing portfolio and increasing our market share in key office markets.”
