Samhi Hotels Q4 FY26 Earnings Call: Profit Up 89%, Revenue Grows 12.3%
Samhi Hotels reported an 89% year-on-year growth in profit before tax to ₹165 crores for Q4 FY26. Total income reached ₹1,279 crores with 12.3% revenue growth. Net debt reduced to ₹1,450 crores, achieving a 3x net debt-to-EBITDA ratio. The company launched a GIC platform and acquired a stake in RARE India. Future free cash flow is projected to exceed ₹3,000 crores by FY31.
The strong financial results, strategic growth initiatives, and positive future outlook indicate a significant impact on the company's financial health and market position.
The company reported strong financial performance with significant growth in profit and revenue, alongside successful deleveraging and strategic acquisitions. The outlook for future cash flow generation is also positive.
Samhi Hotels Limited held its Q4 and Full Year FY26 Earnings Conference Call on May 22, 2026, where the company reported a profit before tax of approximately ₹165 crores, marking an 89% growth year-on-year. The total income for FY26 stood at ₹1,279 crores, with a revenue growth of 12.3%, exceeding the company's commitment of 9% to 11%. This growth was achieved despite significant headwinds including geopolitical conflicts and adverse weather conditions, which are estimated to have diluted revenue growth by approximately ₹45 to ₹52 crores.
The company also met its balance sheet commitment, achieving a net debt-to-EBITDA ratio of approximately 3x, with net debt standing at ₹1,450 crores as of March 31, 2026. This represents a reduction of ₹516 crores from the previous year, largely due to the GIC capital infusion. Consolidated EBITDA for FY26 was ₹463 crores, an 8.8% increase year-on-year.
Key strategic developments during the year included the formal launch of the GIC platform with a commitment of approximately ₹750 crores for a 35% minority stake in an upscale hotel platform. Samhi also signed a partnership with Ingka Centers for a hotel in Noida and secured a lease for a hotel in Hyderabad's One Financial District. The company resolved the Navi Mumbai litigation and announced the development of a large hotel project with Marriott. Furthermore, Samhi entered the experiential leisure segment by acquiring a 70% stake in RARE India.
Looking ahead, Samhi Hotels anticipates compounding free cash flow from FY27 onwards, projecting over ₹3,000 crores of cumulative free cash over FY27-FY31. The company plans to allocate this towards deleveraging, funding its capex pipeline, pursuing tactical M&A, and potentially returning capital to shareholders. The company expects same-store revenue growth of 9% to 11% in FY27 and projects a total revenue growth of approximately 10% to 11% year-on-year, with potential upside from new openings and normalizing market conditions.
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