Tuesday, Feb 11 2025 | Time 05:57 Hrs(IST)
image
Business Economy


SAMHI Hotels turns around with net profit of Rs 11.3 cr in Q4

Gurugram, May 30 (UNI) SAMHI Hotels Limited on Thursday reported net profit of Rs 11.3 crore during Q4 (January-March) period of financial year 2023-24 against of loss of Rs 73.7 crore.
For the full year 2023-24, its net loss has come down to Rs 234.6 crore against net loss of Rs 358.6 crore in the year 2022-23, the company said in a regulatory filing with the stock exchanges.
Commenting on the performance, Mr. Ashish Jakhanwala, Chairman and Managing Director, SAMHI Hotels Ltd., said, “we achieved a total revenue of Rs 289.9 crore (Rs. 2,899 million) and an EBITDA of Rs. 107.7 crore (Rs 1,077 million) during the quarter and have turned Profit After Tax (PAT) positive.”
This was supported by the strong operational performance of our hotels, which continue to benefit from the significant growth of India’s commercial office and aviation markets.
Its achieved total revenue of Rs 289.9 crore in Q4 of 2023-24 as againsr Rs 211.6 crore in same quarter of 2022-23. While full year revenues stood at Rs 978.7 crore in 2023-24 Vs Rs 761.4 crore in 2022-23, the company said.
A reduction in debt and finance costs 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.
SAMHI is a prominent branded hotel ownership and asset management platform in India with an institutional ownership model, experienced leadership, and a professional management team.
SAMHI has long-term management arrangements with three of the most established and well-recognised global hotel operators, namely Marriott, IHG, and Hyatt. SAMHI has a portfolio of 31 operating hotels comprising 4,801 keys and has a diverse geographic presence in 13 cities across India, including the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai, and Pune.
SAMHI has 2 hotels under development with a total of 461 keys in Kolkata and Navi Mumbai.
UNI XC SKB GNK
More News

Shrijee Lifestyle to Unveil Sustainable and Festive Collections at Bharat Tex 2025

10 Feb 2025 | 3:36 PM

Shrijee Lifestyle to Unveil Sustainable and Festive Collections at Bharat Tex 2025

see more..

Shrijee Lifestyle to Unveil Sustainable and Festive Collections at Bharat Tex 2025

10 Feb 2025 | 3:36 PM

Shrijee Lifestyle to Unveil Sustainable and Festive Collections at Bharat Tex 2025

see more..

Bangur Cement launches new premium product Bangur Marble for Solid Bright Homes

10 Feb 2025 | 8:46 PM

Kolkata, Feb 10 (UNI) Shree Cement has launched its premium product, Bangur Marble Cement under its master brand Bangur Cement.

see more..

Saregama revenues grows 100 pc at Rs 4834 in Q3

10 Feb 2025 | 8:03 PM

Mumbai Feb 10 (UNI) * Saregama, a RPSG Group company, announced its financial results for the Quarter and Nine Months Ended December 31, 2024 and reported the revenue from operation at Rs.4834 Mn grew 100 percent on Q-o-Q basis and 137 pc on Y-o-Y basis, courtesy revenue from Event segment which is Rs.2789 Mn in Q3FY25 as against Rs.100 Mn in corresponding quarter last year.

see more..

Maha Defence and Aerospace VF exits from two portfolio companies realising Rs 73 61 cr

10 Feb 2025 | 7:16 PM

New Delhi, Feb 10 (UNI) The Maharashtra Defence and Aerospace Venture Fund (MDAVF) on Monday said that it has successfully exited from two of its portfolio companies -- Cyronics Innovation Labs Pvt Ltd and JSR Dynamics Pvt Ltd realising Rs 14.46 crore and Rs 59.15 crore respectively.

see more..
image