Samhi Hotels reports strong Q2 FY26, plans major expansion

Samhi Hotels Limited reported a strong Q2 FY26, with total income rising 11% year-on-year to INR 296 crores and EBITDA increasing 14% to INR 110 crores, improving margins to 37.3%. Profit after tax reached INR 99 crores, including a INR 57 crores reversal of Navi Mumbai land impairment. The company’s net debt to EBITDA ratio improved to 2.9x, or 2.4x when adjusted for growth projects not yet generating EBITDA, and average interest cost fell to 8.5%.

The quarter marked a significant milestone with two transformative growth projects: a dual-branded hotel development in Navi Mumbai and a 260-room mid-scale hotel under a long-term variable lease in Hyderabad’s Financial District. The Navi Mumbai project will comprise approximately 400 rooms initially, with potential to expand to 700 rooms, entailing a capital expenditure of about INR 650 crores staggered over 3-4 years. This initiative marks Samhi’s entry into India's financial capital and reinforces its presence across India’s five largest office markets.

Additionally, the W Hyderabad in HITEC City, a 170-room luxury development, is progressing towards a December 2026 opening, expected to enhance the company's ARR profile. Overall, Samhi Hotels projects over 1,500 rooms under active development or rebranding, aiming to expand its portfolio to over 6,300 rooms in the near future.