By BullScreen Editorial Team 
SAMHI Hotels Limited reported a sharp rise in profit during its Q4 results 2026, supported by tax-related gains and strategic balance sheet improvements, even as international travel disruptions weighed on operating performance.
For the quarter ended March 2026, the hotel operator posted total income of ₹3,535 million, up 9.3% year-on-year. Profit after tax (PAT) jumped 770.8% to ₹3,994 million compared with the year-ago period, largely driven by deferred tax asset recognition and exceptional gains.
However, operating profitability faced pressure. Consolidated EBITDA declined 6% year-on-year to ₹1,202 million. The company said geopolitical tensions in the Middle East, GST-related impacts, and property upgrade expenses together created a negative impact of around ₹290 million during the quarter. Excluding these factors, EBITDA would have grown nearly 16.8%.
The Q4 results 2026 also highlighted SAMHI’s continued focus on strengthening its financial position. Total borrowings declined to ₹17.09 billion from ₹21.30 billion a year earlier, while net debt-to-EBITDA improved to 3.1x from 5.3x at the time of its IPO. The company’s effective interest rate fell to 7.9%, helping reduce financing costs.
During FY2026, SAMHI Hotels reported total income of ₹12.79 billion, up 12.3% year-on-year, while PAT surged 562.6% to ₹5.67 billion. The company also generated free cash flow of ₹3 billion and secured a strategic investment from GIC, which invested ₹6 billion for a minority stake in a hotel platform.
Looking ahead, SAMHI is expanding its upscale hotel portfolio through multiple development projects across Hyderabad, Bengaluru, Chennai, Noida, and Navi Mumbai. The company expects these projects to contribute over ₹10 billion in incremental revenue, strengthening its long-term growth outlook in India’s hospitality sector.
| Metric | Q4 FY26 | Q4 FY25 | YoY Change |
|---|---|---|---|
| Total Income | ₹3,535 Mn | ₹3,234 Mn | ▲ 9.3% |
| EBITDA | ₹1,202 Mn | ₹1,279 Mn | ▼ 6.0% |
| PAT | ₹3,994 Mn | ₹459 Mn | ▲ 770.8% |
| Asset EBITDA Margin | 36.5% | — | Stable |
| Negative Impact on EBITDA | ₹290 Mn | — | Middle East conflict, GST & upgrades |
| Metric | FY26 | FY25 | YoY Change |
|---|---|---|---|
| Total Income | ₹12,790 Mn | ₹11,388 Mn | ▲ 12.3% |
| EBITDA | ₹4,626 Mn | ₹4,252 Mn | ▲ 8.8% |
| Adjusted EBITDA Growth | — | — | ▲ 13.0% |
| EBITDA Margin | 36.2% | 37.3% | ▼ 110 bps |
| PAT | ₹5,665 Mn | ₹855 Mn | ▲ 562.6% |
| Free Cash Flow | ₹3,000 Mn | ₹900 Mn* | ▲ 233% |
*Post-IPO FY24 benchmark.
| Key Indicator | FY26 Status |
|---|---|
| GIC Investment | ₹6,000 Mn (plus ₹1,500 Mn committed) |
| Non-Core Hotel Sale Proceeds | ₹2,100 Mn |
| Total Capital Recycled Since IPO | ₹9,600 Mn |
| Total Borrowings | ₹17,092 Mn |
| Borrowings FY25 | ₹21,302 Mn |
| Net Debt / EBITDA | 3.1x |
| Effective Interest Rate | 7.9% |
| Operational Rooms | 4,899 |
| New Rooms in Pipeline | 1,647 |
| Potential Incremental Revenue from Pipeline | ₹10,000+ Mn |
| Credit Rating | Upgraded to A+ (CARE/ICRA) |
Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/dca061e6-dbb5-43a5-aa8a-afffe5a162aa.pdf