SAMHI Hotels Q2 Results: Total Income Rises 15.6% as Occupancy Hits 78.6% and Room Rates Increase
The branded hotel owner SAMHI Hotels closed the September quarter with fuller rooms, higher room rates and a growing pipeline of new properties. While revenue and operating earnings moved up, headline profit tells a different story. Here is what the numbers show, and why management expects a stronger second half.
The Nifty 50 traded at 23,905, up 0.39%, while the Sensex fell 0.38% to 77,210 on Wednesday. Following this, Shares of Samhi Hotels Ltd closed at Rs. 158.11, up 2.68 percent on Wednesday. The stock touched the intraday high of Rs. 169.00 after opening at Rs. 153.00 before slipping to a low of Rs. 152.20. The company commands a market capitalization of Rs. 3515.73 crore.
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Rooms Fill Up, Rates Rise
SAMHI Hotels Limited announced its results for the quarter and six months ended 30 September 2026 on 3 November, after its board met that afternoon. On a same-store basis, revenue grew 12.6%, beating the company’s long-term guidance of 9 to 11%. Occupancy rose to 78.6% from 75.0% a year earlier, while average room rates climbed 9.2%, lifting RevPAR by 14.3% to Rs. 5,746. Domestic guests made up roughly 80% of room nights sold, which cushioned the business from geopolitical uncertainty and weaker air travel in several cities.
Stronger Pipeline, Thinner Margins
The quarter shows that SAMHI’s older hotels still have room to grow. Same-store earnings from assets rose 17.2% before the GST change, and about 57% of every extra rupee of revenue turned into EBITDA. However, the shift from 12% GST with input credit to 5% without it cost roughly Rs. 103 million, pulling the reported EBITDA margin down to 36.1% from 39.1%.
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Balance sheet health helps. Net debt to EBITDA held at about 3.1x, the effective interest rate stayed at 7.8%, and free cash flow reached Rs. 827 million. With the W Hotel in Hyderabad due next year and about 1,700 rooms planned through FY2031, management expects a stronger second half and better cash conversion.
Financial Performance
Looking at the quarterly results of SAMHI Hotels Limited, the company’s consolidated revenue from operations increased by 15.4 percent YoY, from Rs. 292.97 crore in Q2 FY26 to Rs. 338.07 crore in Q2 FY27, and grew by 10.8 percent QoQ from Rs. 305.21 crore in Q1 FY27.
SAMHI Hotels generated 42 percent of its total income from upper upscale and upscale hotels, 41 percent from upper mid-scale hotels and 17 percent from mid-scale hotels in Q2 FY27. Total income rose 15.6 percent to Rs. 342.68 crore, while consolidated EBITDA grew 12.0 percent to Rs. 123.8 crore.
In Q2 FY27, SAMHI Hotels’ consolidated net profit decreased by 58.8 percent YoY, reaching Rs. 41.08 crore compared to Rs. 99.80 crore during the same period last year, which included an exceptional gain of Rs. 84.1 crore. As compared to Q1 FY27, the net profit has increased by 64.8 percent, from Rs. 24.93 crore.
The basic earnings per share decreased by 54.4 percent and stood at Rs. 1.85 as against Rs. 4.06 recorded in the same quarter in the previous year, FY2026, reflecting the higher base.
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About SAMHI Hotels
SAMHI Hotels Limited is a branded hotel ownership and asset management platform in India. It runs 31 operating hotels with 4,899 rooms across 13 cities, including Delhi NCR, Bengaluru, Hyderabad, Chennai and Pune, under Marriott, IHG and Hyatt brands. The company has also entered leisure through RARE India, which covers about 70 boutique hotels and 900 rooms in three countries.