Q3 2026 Samhi Hotels Ltd Earnings Call Transcript
Key Points
- SAMHI Hotels Ltd (NSE:SAMHI) reported a strong operating quarter with a 13% year-on-year growth in same-store RevPAR.
- Total income for Q3 FY26 increased by 16% year-on-year to INR342 crores, demonstrating resilience despite external disruptions.
- EBITDA grew by 19% year-on-year on an underlying basis, reflecting strong operating flow-throughs.
- The company has a robust pipeline with 1,900 rooms under development or rebranding, which will shift the revenue mix towards upscale and upper upscale segments.
- SAMHI Hotels Ltd (NSE:SAMHI) continues to fund its growth CapEx through internal accruals, maintaining a stable net debt-to-EBITDA ratio of 3x.
- Changes in GST regulations impacted margins, moderating reported EBITDA growth to 13.2% year-on-year.
- The airline crisis in December led to a significant drop in occupancy, particularly affecting the upscale and upper upscale segments.
- The removal of input tax credit led to a moderation in EBITDA margins by 200 basis points.
- Net debt increased by INR80 crores this quarter, primarily due to extension payments in Navi Mumbai.
- The company faces challenges in passing through GST cost increases to corporate clients, impacting short-term margins.
Ladies and gentlemen, good day, and welcome to the Q3 and 9M FY26 Earnings Conference Call of SAMHI Hotels Limited. This conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on date of this call. These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. (Operator Instructions)
I now hand the conference over to Mr. Ashish Jakhanwala, MD and CEO of SAMHI Hotels Limited. Thank you, and over to you, sir.
Thank you so much. Good morning, everyone, and welcome to SAMHI Hotels' Q3 FY26 Earnings Call. Thank you for joining us today. I'm also joined by our CFO, Rajat Mehra; our VP and Head of Investments, Gyana Das; and Nakul Manaktala, SVP Investments. Our Investor Relations advisers, Strategic Growth Advisors, is also on the call.
We have uploaded our Q3 FY26 financial results and
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