Latest news with #SamhiHotels
Business Standard
3 days ago
- Business
- Business Standard
Samhi Hotels Q4 PAT jumps 306% YoY to Rs 46 cr
Samhi Hotels reported a 305.93% surge in consolidated net profit to Rs 45.87 crore, while revenue from operations rose 14.2% to Rs 318.81 crore in Q4 March 2025 over Q4 March 2024. Profit before exceptional items and tax stood at Rs 41.99 crore, up 502.44% sequentially. The company also reported an exceptional gain of Rs 19.44 crore in the corresponding quarter of the previous fiscal year. EBITDA came in at Rs 130.7 crore, marking a 21.4% YoY increase, while the EBITDA margin improved to 42.9% in Q4 FY25. During the quarter, the companys average room rate (ARR) increased 19.24% YoY to Rs 7,487, while the occupancy rate stood at 75%. For the full year FY25, Samhi Hotels reported a consolidated net profit of Rs 84.99 crore, compared with a net loss of Rs 234.62 crore in FY24. Revenue from operations jumped 18.03% YoY to Rs 1,130.01 crore for the year ended 31 March 2025. SAMHI is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership, and a professional management team. SAMHI has long-term management arrangements with three of the established and well-recognized global hotel operators, namely, Marriott, IHG, and Hyatt. Shares of Samhi Hotels rose 0.70% to Rs 192.85 on the BSE.
Business Upturn
15-05-2025
- Business
- Business Upturn
Vascon Engineers shares jump over 15% after Q4 net profit more than doubles; revenue up 65.7%
By Aditya Bhagchandani Published on May 15, 2025, 09:35 IST Shares of Vascon Engineers Ltd. surged over 15% to ₹51.51 in early trade on May 15 after the company reported a strong set of earnings for the March quarter. The stock opened higher and continued to rally following its Q4 FY25 results that showed significant growth across key financial metrics. The company's consolidated net profit for the quarter stood at ₹34.8 crore, more than doubling from ₹16.8 crore in the same quarter last year, marking a 107% year-on-year increase. The sharp rise in profitability was attributed to robust execution in both its real estate and construction business segments. Revenue for Q4 FY25 soared 65.7% to ₹387 crore, compared to ₹233.5 crore in Q4 FY24, driven by accelerated completions and improved sales traction in premium projects across key urban markets. EBITDA also rose by 87.5% year-on-year to ₹37.5 crore, with margins expanding to 9.7% from 8.6% a year ago, reflecting improved cost controls. Adding to the positive sentiment, the company announced the sale of its 5% stake in Ascent Hotels to Samhi Hotels for ₹45 crore. This divestment is expected to boost liquidity and enable Vascon to sharpen its focus on its core construction and real estate operations. Vascon Engineers is actively expanding its residential and commercial portfolio and is focusing on strengthening its financial position through strategic initiatives and operational efficiency. With strong execution, improved margins, and a strategic roadmap in place, analysts expect the company to maintain its growth momentum in the coming quarters. The stock's sharp rise positions it among the top gainers on the NSE today. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
29-04-2025
- Business
- Business Standard
PE firm TPG sells 3.9% stake in Tata Technologies for ₹1,068 crore
Private equity firm TPG on Tuesday divested a 3.9 per cent stake in Tata Technologies for Rs 1,068 crore through an open market transaction. According to the bulk deal data available, TPG through its arm TPG Rise Climate SF offloaded more than 1.58 crore shares of Tata Technologies, which provides engineering and product development digital services. The shares were disposed of at an average price of Rs 673.26 apiece on the National Stock Exchange (NSE), taking the aggregate deal value to Rs 1,068.05 crore. After the latest transaction, TPG's arm holding in Tata Technologies declined to 2.1 per cent from 6 per cent. Details of the buyers of Tata Technologies' shares could not be ascertained on the National Stock Exchange (NSE). On Tuesday, shares of Tata Technologies declined 6.11 per cent to close at Rs 662.50 apiece on the NSE. Also Read In a separate block deal on the NSE, seven entities, including Citigroup Global Markets, BofA Securities Europe, and Tata Mutual Fund, bought 87.21 lakh shares or 3.94 per cent stake in Samhi Hotels for Rs 152 crore through open market transactions. Global investment manager TT International through its affiliates, Steinberg India Asset Management, LGT Capital Partners and CBJ as Trustee for SMBCTB Emerging Markets Impact MF were the other entities who acquired shares in Gurugram-based Samhi Hotels. The shares were picked up at an average price of Rs 174.30 per piece, taking the combined deal value to Rs 152.01 crore. Meanwhile, a shareholder -- Blue Chandra Pte Ltd -- has exited Samhi Hotels by selling its entire 3.94 per cent stake in the firm. The shares were sold by Blue Chandra at the same price on the exchange. The scrip of Samhi Hotels rose 3.86 per cent to close at Rs 182.80 apiece on the NSE.
Mint
28-04-2025
- Business
- Mint
Samhi's GIC deal may accelerate growth. Could a valuation rerating follow?
GIC, a leading global institutional investor, and Samhi Hotels have entered into a strategic partnership to develop an investment platform focused on upscale and high-end hotels in India. As part of the deal, GIC will acquire a 35% stake for ₹ 752 crores in Samhi's three subsidiaries, which own assets like Courtyard and Fairfield by Marriott and Trinity Hotel in Bengaluru and Hyatt Regency Pune. This partnership is a game-changer for Samhi, the cheapest listed hotel company, as it presents an opportunity to reduce debt, lower interest expenses, and improve overall profitability. The optimism fuelled an over 10% rally in Samhi share price on 24 April. So, how is Samhi expected to benefit from this deal? Let's break it down. Samhi is not just another hotel company; its acquisition-led strategy has set itself apart in a competitive market. The company focuses on acquiring brownfield projects and operational hotels, which are priced below-average room rates and have lower replacement costs. This approach significantly shortens the time required to develop comparable hotels from the ground up, while reducing development risk and shortening the payback period. Post-acquisition, Samhi will renovate and rebrand them, leading to higher average room rates and improved financial performance. Of Samhi's total of 4,939 rooms, about 4,136 have been added through acquisitions. The remaining inventory has come from greenfield expansion. This strategy has allowed Samhi to scale rapidly, increasing its room inventory 19-fold over the past decade, from 252 rooms in 2014 to 4,939 in Q3FY25. This sharp scale-up has helped Samhi become India's fastest-growing and third-largest hotel company by the number of rooms. The company boasts a robust portfolio of 32 high-end hotels, managed in partnership with strong brands such as Hyatt, Marriott, Holiday Inn, and Renaissance, spread across major Indian cities. However, this aggressive expansion has been funded mainly through debt. Samhi's net debt stood at ₹ 2,834 crore as of March 2023. With an annualized interest cost of ₹ 375 crore, Samhi's financials were under pressure, with a major portion of its revenue going towards servicing debt. To address this, Samhi launched its initial public offering (IPO) in September 2023, raising ₹ 1,370 crore, primarily aimed at deleveraging. Thereafter, Samhi reduced it's debt, bringing net debt down to ₹ 1,824 crore by March 2024. As a result, the net-debt-to-Ebitda ratio fell from a high of 8.7x (March 2023) to 4.9x (March 2024). The cost of funds also reduced from 12.5% to 9.8% during the period, while annual interest costs almost halved from ₹ 375 crore to ₹ 199 crore at end of FY24. However, post-listing, debt levels have started rising again. As the company continued investing in expansion, its net debt rose to ₹ 2,064 crore by Q3FY25. Interest costs increased too, reaching ₹ 202 crore in the same quarter. Also Read: India's steel safeguard duty offers a short-term fix—but will it be enough? This rising debt has underscored the need for further deleveraging to fund future growth sustainably. Thus, the deal with GIC will provide Samhi with much-needed capital to reduce its debt and support its next phase of expansion. The platform holds the first right to undertake any acquisition or expansion project. The three subsidiaries, with a total room inventory of about 1,000 rooms, in which GIC will invest, have an enterprise value of ₹ 2,200 crores. Through an investment of ₹ 752 crore, GIC will secure a 35% stake. Of this, ₹ 603 crore will be used upfront by Samhi to repay the debt across its portfolio. Following the repayment, the company expects its overall debt to decrease by about ₹ 580 crore (from ₹ 2,064 crore in Q3FY25), with the net debt-to-Ebitda ratio expected to fall below 3.5x. Furthermore, Samhi aims to reduce this to below 3x over the next 12 months, while continuing to drive growth. The resultant interest savings are expected to boost the bottom line by 15–20%. However, this boost will be partly offset by a 35% share of profits (minority interest) in favour of GIC. Kotak expects Samhi to retain 4% of the JV platform's Ebitda as part of asset management fees. As a result, Samhi is expected to save ₹ 55 crore in interest costs from the debt reduction of ₹ 603 crore, with a PAT contribution estimated at ₹ 72 crore. This implies ₹ 25 crore (35% share) of minority interest, yielding a net positive impact of 17% on the projected consolidated net profit of ₹ 170 crore for FY26. Samhi turned around its financials after reducing its leverage post-IPO. While its asset income has consistently improved, interest cost and employee stock option plan (Esop) expenses had been dragging down its profitability. Samhi's asset income in 9MFY25 increased 19% from the previous year to ₹ 814 crores, driven by an 8% rise in average room rate to ₹ 6,047. The company's consolidated Ebitda increased 56%, with margin improving 8.1 percentage points to 36.2%. As finance cost decreased by 40% to ₹ 174 crore, it turned profitable with ₹ 40 crore, from loss of ₹ 246 crore in 9MFY24. As a result, the company is expected to post full-year profitability for the first time in FY25. With further debt reduction driven by interest savings, profitability will likely improve. Also read: How does the Ecom Express buy position Delhivery for the future? In addition to debt reduction, the company has several growth levers in place. The balance of ₹ 149 crore will be used to partially fund the capital expenditure for the 220-key Western/Tribute Portfolio. Furthermore, Samhi signed a long-term variable lease agreement for an office building in November 2024. It plans to convert it into a 170-room hotel under Marriott's W brand, marking its debut in Hyderabad. This aligns with Samhi's asset-light strategy, which leverages lease models to enhance cost efficiency. The management expects consistent expansion to keep capex levels high, with ₹ 150-200 crore in capex planned over the next three years, primarily funded through internal accruals. With ₹ 752 crore of equity from GIC, Samhi will likely address investors' concerns about its leverage. Moreover, with a credible sponsor like GIC, Samhi will be better positioned to support its growth ambitions, especially since upscale assets are capital-intensive. The deal will also help double its upscale hotel inventory, a strategy that is expected to boost revenue and profitability significantly. From a valuation perspective, Samhi remains the cheapest in the sector, primarily due to the high debt. It trades at an EV/Ebitda multiple of 15x, about a 30% discount to its median multiple of 21x. The valuation gap is notable, with Chalet Hotels trading at 28x and Indian Hotels at 41x. As debt decreases, this gap is likely to narrow. For more such analyses, read Profit Pulse . Madhvendra has over seven years of experience in equity markets and has cleared the NISM-Series-XV: Research Analyst Certification Examination. He specialises in writing detailed research articles on listed Indian companies, sectoral trends, and macroeconomic developments. Follow him on LinkedIn. Disclosure: The author does not hold any shares of the companies discussed. The views expressed are for informational purposes only and should not be considered investment advice. Readers are encouraged to conduct their own research and consult a financial professional before making any investment decisions.
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Business Standard
24-04-2025
- Business
- Business Standard
Why Samhi Hotels shares surged 12% in trade today? Check details
Samhi Hotels share price today: Shares of Samhi Hotels surged over 12 per cent to hit an intraday high of ₹196.90 on Thursday after the company announced its strategic partnership with global institutional investor GIC. Singapore-based sovereign wealth fund GIC will acquire a 35 per cent stake in three subsidiaries of Samhi Hotels that together own Courtyard & Fairfield by Marriott Bengaluru ORR, Hyatt Regency Pune and recently acquired Trinity Hotel in Bengaluru Whitefield. At 2:30 PM on Thursday, Samhi Hotels' stock was quoting at ₹193.53, up 11.26 per cent on the National Stock Exchange (NSE). In comparison, the benchmark Nifty50 index was trading at 24,249.10, down 79.85 points or 0.33 per cent. The acquisition will be made for an investment of ₹752, marking the enterprise value of three assets at ₹2,200 crore. Out of the proceeds, ₹604 crore will utilised to reduce the debt across Samhi's portfolio and cover deal expenses. The remaining ₹149 crore will be used over the next two years to partially fund the capital expenditure for the Westin/Tribute Portfolio Bengaluru Whitefield dual-branded hotel. ALSO READ: "The transaction follows our stated strategy of capital recycling and will lead to a significant reduction in debt and partnership with a global investor of GIC's stature for funding further growth," the company said in an exchange filing. After closing the transaction, the company expects its debt to be reduced by ₹580 crore and an improvement of around 15-20 per cent in its net profit. The company also expects to see a significant improvement in its future cash flows due to a reduction in debt and Westin / Tribute Portfolio Bengaluru Whitefield capital expenditure by GIC. Following the transaction, Samhi Hotels will own a 65 per cent stake in each of the three subsidiaries. Samhi Hotels' stock history The stock has fallen around 20 per cent from its 52-week high of ₹225.48 touched on September 06, 2024. The company's total market capitalisation stood at ₹4,281 crore. On a year-to-date basis, the stock has gained around 5 per cent compared to a 2 per cent increase in the Nifty50 index. ALSO READ: About Samhi Hotels Incorporated in 2010, Samhi Hotels is a hotel ownership and asset management platform based in India. It has long-term management arrangements with three global hotel operators including Marriott, IHG and Hyatt. Samhi has a portfolio of 31 operating hotels comprising 4,823 keys. The company has a geographic presence in 13 cities across India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Pune. Samhi's hotels operate under hotel operator brands such as Courtyard by Marriott, Sheraton, Hyatt Regency, Hyatt Place, Fairfield by Marriott, Four Points by Sheraton and Holiday Inn Express.
