Samhi Hotels: 354% Profit Surge – From Red Ink to Room Service Royalty?

1. At a Glance

Samhi Hotels has pulled off what many hospitality players only dream of — turning big, ugly losses into profit headlines. Q1 FY26 saw PAT up 354% YoY, EBITDA margins at a plush 36.8%, and a 368% jump in quarterly net profit versus the previous year’s sleepy performance. Of course, before you pack your bags for Goa, remember: debt remains the “loyal guest” that refuses to check out, and the stock still trades at 4.3× book value.

2. Introduction

Samhi isn’t just running hotels; it’s running a high-stakes property rehab clinic. Their specialty? Buying tired-looking hotels, giving them a five-star corporate scrub, and then letting Marriott, IHG, or Hyatt slap their brands on the doors.

The past five years were a roller-coaster of losses, pandemic shutdowns, and balance-sheet CPR sessions. But FY25–26 is where they’re starting to look more like a business and less like a rescue mission.

3. Business Model (WTF Do They Even Do?)

Samhi is an acquisition-led branded hotel owner & asset manager. They own 32 hotels (4,948 rooms) in 14 cities, focusing on high-demand, business-heavy micro-markets. They don’t run the hotels themselves — instead, Marriott, IHG, or Hyatt manage the day-to-day while Samhi collects the revenues (and headaches).

4. Financials Overview

Metric	Latest Qtr (Q1 FY26)	YoY Qtr (Q1 FY25)	Prev Qtr (Q4 FY25)	YoY %	QoQ %
Revenue (₹ Cr)	272.21	239.99	319.00	13.4%	-14.7%
EBITDA (₹ Cr)	100.20*	80.00*	122.00	~25%	-18.0%
PAT (₹ Cr)	19.22	4.15	46.00	362.9%	-58.2%
EPS (₹)	0.78	0.17	2.07	358.8%	-62.3%