Samhi checks in
Samhi Hotels is among the top five gainers on the BSE currently; from its close of Rs.186.95, the stock opened at Rs.189.85 and rose to an intraday high at Rs.204. Its 52-week high stands at Rs.237.80 and low at Rs.146.60.
The market, for now , seems to be happy with its performance for Q2FY25 wherein total income surged 21% (YoY) at Rs.270 crore; EBITDA was up 28% at Rs.102 crore and margins improved to 37.6%. PAT for the quarter came in at Rs.13 crore v/s loss of Rs.88 crore and it stood at Rs.17 crore for H1FY25 v/s FY24 loss.
The company expects 302 rooms to be added in Q3FY25 and this is estimated to add around Rs,25-30 crore to its annual revenue.
The company, a branded hotel ownership and asset management platform has an institutional ownership model. It has long-term management arrangement with Marriott, IHG and Hyatt. It has a portfolio of 32 operating hotels with 4,943 rooms and has a diverse geographic presence in 13 cities across India, including National Capital Region (NCR), Bangalore, Hyderabad, Chennai and Pune.