SAMHI Hotels Limited Reports Significant Profit Growth in FY26
SAMHI Hotels Limited announced a profit after tax of ₹5,665 million for the financial year ending March 31, 2026, marking a substantial increase of 5.6 times year-on-year, as detailed in the company’s audited consolidated results released on Thursday. Following the announcement, the company’s stock closed at ₹150.08 on the National Stock Exchange (NSE) on Friday, reflecting a 2.35 percent increase for the day; however, it remains nearly 19 percent lower compared to its 52-week high of ₹254.50.
Total income for FY26 increased by 12.3 percent year-on-year, reaching ₹12,790 million, exceeding the company’s forecasted range of 9–11 percent. Revenue per available room (RevPAR) grew by 9.5 percent to ₹5,365, with overall occupancy levels recorded at 74 percent. Consolidated EBITDA rose by 8.8 percent to ₹4,626 million, yet margins decreased to 36.2 percent from 37.3 percent the previous year, impacted by changes related to the Goods and Services Tax (GST). The company indicated that EBITDA growth would have reached 13 percent when excluding the GST influence.
In the fourth quarter specifically, total income was reported at ₹3,535 million, a rise of 9.3 percent, while RevPAR experienced a 4.1 percent growth to ₹6,041, despite facing geopolitical disruptions in March. The quarterly profit after tax reached ₹3,994 million, bolstered by the recognition of a deferred tax asset of approximately ₹3,000 million during FY26.
As of March 31, 2026, net debt was recorded at ₹14,507 million, with a net debt-to-EBITDA ratio of 3.1 times, a rise from 2.9 times in September 2025 due to active capital deployment. Notably, the interest rate on borrowings improved to 7.9 percent from 9.2 percent a year earlier.
In terms of portfolio expansion, the company added four hotel projects during the year, including a roughly 700-room property currently under construction in Navi Mumbai. Additionally, SAMHI acquired a 70 percent stake in RARE India, which encompasses a platform of 73 heritage and boutique hotels. GIC, the Singapore sovereign wealth fund, invested approximately ₹6,000 million for a 35 percent minority stake in a sub-platform encompassing around 1,000 rooms.
Currently, the company is trading at a trailing price-to-earnings (P/E) ratio of 5.69, with a total market capitalization of ₹3,332 crore.
Published on May 22, 2026
