SAMHI Hotels reported a strong Q3 FY26 performance, with revenue growth of 16.2% YoY and same-store RevPAR growth of 13.3% YoY. Consolidated EBITDA increased by 19.2% YoY before accounting for GST regulation impacts. The company generated approximately ₹3,000mn of surplus cash on a TTM basis, supporting ongoing and planned growth initiatives. The changes in GST rates affected the company’s EBITDA margin, but overall demand remains strong.
Q3 FY26 Highlights
SAMHI Hotels demonstrated robust operating results for Q3 FY26:
- Revenue: Total income reached ₹3,419mn, a 16.2% YoY increase.
- RevPAR: Same-store RevPAR grew by 13.3% YoY to ₹5,643.
- EBITDA: Consolidated EBITDA was ₹1,263mn. Excluding GST impact, EBITDA grew by 19.2% YoY. Including GST impact, EBITDA grew by 13.2% YoY.
- PAT: Profit After Tax stood at ₹481mn, up 111.3% YoY.
Segment Performance
SAMHI Hotels operates across three main segments:
- Upper Upscale & Upscale: Achieved 71% occupancy with RevPAR of ₹8,881.
- Upper Mid-scale: Reported 71% occupancy with RevPAR of ₹5,598.
- Mid-scale: Demonstrated 76% occupancy with RevPAR of ₹3,330.
Growth Projects and Pipeline
SAMHI Hotels has several growth projects underway including the completion of W, HITEC City, Hyderabad (170 rooms) and Westin + Tribute Portfolio in Whitefield, Bangalore adding 220 new rooms in addition to 142 room renovation, demonstrating continued expansion plans.
GST Impact Analysis
Recent GST changes have reduced costs for customers and improved affordability, boosting revenue growth across segments. While the GST change creates a one-time baseline reset in reported EBITDA, the resulting demand response is expected to drive sustainable volume-led growth over time. Reduction of GST on certain construction materials would effectively reduce capital expenditure in the company’s development assets.
Financial Flexibility
SAMHI Hotels maintains financial flexibility with a Net Debt to TTM EBITDA of 8.3% as of December 31, 2025, reflecting a stable financial structure.
Source: BSE
