Samhi Hotels Results: Latest Quarterly Results & Analysis

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Samhi Hotels Ltd. 05 Aug 2024 00:27 AM

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Hotels company Samhi Hotels announced Q1FY25 results:

RevPAR at Rs 4,276 up 13.0% on a YoY basis demonstrate strong business demand across key markets
Asset Income and Asset EBITDA grew YoY by 31.2% and 31.7% respectively. Same store growth & positive impact of ACIC acquisition led to strong growth in income and EBITDA
Consolidated EBITDA (pre-ESOP & one-time expenses) at Rs 934 million, up 43.7% YoY. The significant growth underscores the strength and potential of the current portfolio.
PAT at Rs 42 million

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, “We achieved total revenue of Rs 2,568 million and consolidated EBITDA! of Rs 934 million. During the quarter, RevPAR grew by 13.0% YoY, demonstrating that our core markets & demand drivers continue to grow strong.
The integration of ACIC is proceeding well and has resulted in ~520 bps margin improvement in Q1FY25 vis-G-vis HI1FY24 (pre-acquisition). We have also started rebranding of two of the ACIC hotels and this will help us materially increase its contribution to SAMHI.

We have good liquidity position and have strong free cash flows from operations in FY25, providing resources to fuel both internal and external growth opportunities.

With continued growth in our existing portfolio, the opening of new hotels, renovation, rebranding of ACIC assets, and a robust pipeline in key markets, our growth prospects remain strong in the coming quarters.”

Result PDF

Q4FY24 Quarterly & FY24 Annual Result Announced for Samhi Hotels Ltd.

Hotels company Samhi Hotels announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

RevPAR up 16.9% YoY at Rs 4,830
Asset Income up 35.4% YoY
Asset EBITDA up 45.4% YoY
PAT Rs 113 million
Positive Free Cash flow
Consolidated EBITDA: Rs 1,077 million

FY24 Financial Highlights:

RevPAR up 17.0% YoY
Asset Income up 28.4% YoY
Asset EBITDA up 34.6% YoY

Commenting on the performance, Ashish Jakhanwala, Chairman & Managing Director, SAMHI Hotels Ltd. said, We achieved a total revenue of Rs 2,899 million and EBITDA* of Rs 1,077 million during the quarter and have turned PAT positive. This was supported by a strong operational performance of our hotels which continue to benefit from significant growth of India’s commercial office and aviation market.

For FY24 we achieved a total revenue of Rs 9,787 million and EBITDA* of Rs 3,484 million. If we include ACIC for the unconsolidated period, the same will be Rs 10,527 million and Rs 3,681 million respectively.

Reduction in debt and finance cost allows SAMHI to be well-positioned to generate significant free cash flow from operations in FY25, providing resources to fuel both internal and external growth opportunities.

Looking ahead to FY25, SAMHI is poised for robust growth. This trajectory will be propelled by a multitude of factors including continued RevPAR growth in our same-store hotels due to their favorable locations & positioning, completion of the ACIC Portfolio integration, strategic renovation, and rebranding initiatives. Growth in EBITDA, reduction in ESOP expenses and corporate G&A sets us for a strong PAT growth in FY25 and beyond.

Result PDF

Q1FY24 Quarterly Result Announced for Samhi Hotels Ltd.

Samhi Hotels announced Q1FY24 results:

1. Financial Performance:
- SAMHI Hotels Ltd. reported a 14.2% growth in Asset Income and a 12.5% growth in Asset EBITDA for the quarter ended June 30, 2023.
- The company saw a significant reduction in debt and finance costs, with net debt decreasing from 28,339mn to 18,331mn.
- The cost of debt is expected to decrease by approximately 57% in the second half of FY24, resulting in healthy internal accruals.

2. Operational Highlights:
- SAMHI Hotels reported a YoY growth of 14.2% in RevPAR (revenue per available room), driven by improved average room rates and occupancy levels consistently above 70%.
- The demand environment remains strong with little new supply in core markets, and the company is optimistic about the upcoming strong season.
- In August 2023, SAMHI Hotels completed the acquisition of the ACIC Portfolio, which includes 962 rooms and land for development in Navi Mumbai.

3. Strategic Priorities:
- SAMHI Hotels' key priorities include strong growth through leveraging the strength of its assets and integrating the ACIC Portfolio.
- The company aims to improve the market share of specifically identified hotels within its portfolio through renovation, rebranding, and expansion.
- Reduction in finance costs, debt repayment, and overall cost optimization are also key priorities.

Ashish Jakhanwala, Chairman, Managing Director, and CEO of SAMHI Hotels, said, "We are proud to create a formidable hotel company in India within a period of 12 years. Our Q1FY24 performance is a testament to our strong growth, with RevPAR increasing by 14.2% YoY and average room rates improving by 17.7% YoY. We remain confident in the opportunities in the hotel industry in India and our capabilities to leverage them to our advantage."

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Aeroflex Industries Limited's Q2FY25 results

Revenue increased by 12.5% YoY (+5.8% QoQ) to ₹ 94.99 crore in Q2FY25. EBITDA increased by 13% YoY (+12.5% QoQ) to ₹20.36 crore. Subsequently, PAT was up by 18.7% YoY (+10.1% QoQ) at ₹ 13.66 crore. The EBITDA margin for the quarter increased by 127 bps YoY and 9 bps QoQ at 21.4%. For H1FY25 the revenue increased by 9.7% YoY to ₹184.74 crore while EBITDA increased by 10.2% and PAT by 15.4% to ₹ 38.4 crore and ₹ 26.07 crore, respectively.

Published on 31-Oct-2024 09:09

L&T reported strong operational performance for Q2FY25

L&T reported strong operational performance for Q2FY25 across all parameters. The company reported a robust order inflow of ₹80,045 crore up 13% QoQ mainly led by International markets which constituted 63% of total order inflow and down 10% YoY on a higher base, Q2FY24 had the benefit of receipt of two ultra mega orders in the hydrocarbon business. The current order backlog stands at ₹510,402 crore up 13% YoY and 7% since Q4FY24. Strong execution in the Energy Projects (revenues up 31% YoY) and Infrastructure segment (revenues up 30% YoY) led to consolidated revenue growing by 21% YoY at ₹61,555 crore for Q2FY25. Consolidated EBITDA Margins came in at 10.3% down 70bps YoY. Positive surprise also came in from expansion of 60bps YoY in the core project and manufacturing segment at 6%. In terms of business prospects, for H2FY25E the company has bid pipeline of ₹8.1 trillion, which has declined 10% on account of project deferrals in the international hydrocarbon space, despite this the company is quite confident of meeting it's 10% YoY inflow growth guidance. The company also retained it's Revenue growth and margin guidance for FY25E. The NWC ratio to sales stood at 12.2% for H1FY25 vs 16.7% for H1FY24 and 13.9% for Q1FY25, despite 11% decline in other income in H1FY25. The ROE of the company improved 140bps QoQ and 80bps YoY to 16.1% on account of lower equity capital post buyback and improved cashflow.

Published on 31-Oct-2024 09:08

L&T has bagged new orders in the Power Transmission and Distribution business

Larsen and Toubro (L&T) has bagged new orders in the Power Transmission and Distribution (PT&D) business. The aggregate order value ranges from ₹5,000 to ₹10,000 crore. L&T has won an order for building the new National System Control Centre for Kenya. This project is in consortium with leading original equipment manufacturer. The scope also involves implementation of backup energy management business system at distant location. Apart from this L&T has won order for turnkey construction of high voltage transmission lines in Saudi Arabia and Gas Insulated Substation orders have been secured for ongoing power system expansion in Qatar.

Published on 31-Oct-2024 09:07

Cipla’s Goa plant receives classification of VAI from the USFDA

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Published on 31-Oct-2024 09:06

Biocon Q2FY25 Results- soft quarter with subdued margins; future events to be critical

Revenues grew 4% YoY to ₹ 3590 crore as growth in Biosimilars pulled down by generics and Syngene. Biosimilars grew ~11% (19% like to like) to ₹ 2182 crore, Research Services (Syngene) de-grew 2% to ₹ 891 crore, while Generic sales de-grew 8% to ₹ 624 crore. EBITDA stood at ₹ 685 core, a de-growth of 18% mainly due to higher employee expenses (Viatris integration) and other expenses even as R&D spend was significantly lower. EBITDA margins stood at 19.1% during the quarter (~233 bps lower).

Published on 31-Oct-2024 09:05

Collaboration between Suzuki and Toyota for BEVs

In a regulatory filing, as part of its parent i.e. Suzuki Motors global collaboration with Toyota, MSIL has announced manufacturing of its first electric vehicle(EV) for Toyota, with production commencing in CY25 at its Gujarat facility in India. This collaboration, part of their ongoing partnership since 2016, will result in an SUV based on Suzuki's eVX platform, featuring a 60-kWh battery pack. The Maruti version is anticipated to launch first, followed by Toyota's variant, and both models will be available in India as well as for export to markets such as Japan, the Middle East, and Europe.

Published on 31-Oct-2024 09:03

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