Samhi Hotels Ltd., a prominent player in the Indian hospitality sector, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).
Q4FY24 Performance Highlights:
Asset Income: Increased by 35.4% YoY to ₹281 crores
Occupancy: Remained healthy at 76%
RevPAR (Revenue Per Available Room): Grew by 16.9% YoY to ₹4,830
EBITDA (pre-ESOP changes): Increased by 36% YoY to ₹108 crores
Profit After Tax (PAT): Reported a positive PAT of ₹11 crores
Free Cash Flow: Turned positive
FY24 Performance Highlights:
Asset Income: Increased by 28.4% YoY to ₹963 crores
EBITDA (pre-ESOP changes): Increased by 32% YoY to ₹348 crores
Total Revenue:
Including ACIC (unconsolidated): ₹10,527 million
Excluding ACIC: ₹9,787 million
EBITDA (including ACIC):
Including ACIC (unconsolidated): ₹3,681 million
Excluding ACIC: ₹3,484 million
Management Commentary:
Ashish Jakhanwala, Chairman & Managing Director, highlighted the strong operational performance, significant growth in India's commercial office and aviation market, and the positive impact of these factors on the company's financial results. He also mentioned achieving the strategic milestone of surpassing ₹1,000 crores in revenue.
Key Takeaways:
Strong growth in asset income, RevPAR, and EBITDA in both Q4FY24 and FY24
Positive PAT and free cash flow in Q4FY24
Continued growth in the Indian hospitality market
Strategic milestone of exceeding ₹1,000 crores in revenue
For Further Information:
Samhi Hotels Investor Relations: https://samhi.co.in/?page_id=13002
ICICI Direct Analysis: https://www.icicidirect.com/research/equity/rapid-results/samhi-hotels-ltd
5paisa Share Price: https://www.5paisa.com/stocks/samhi-share-price
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