1. Opening Hook
While India argued about cricket and crude oil, SAMHI quietly plotted to redraw Navi Mumbai’s skyline. Who knew balance sheets could look sexy when spiced with Marriott and a 57-crore impairment reversal? As Lord Krishna once advised in the Bhagavad Gita: “Perform your duty with focus, not attachment to outcomes.” SAMHI seems to have taken that literally — building, refinancing, and smiling through monsoons.
Read on — the real masala begins when the CFO admits free cash flow is the new religion. 🍹
2. At a Glance
- Revenue up 11%: CFO swears it’s demand, not divine intervention.
- EBITDA ₹110 cr (+14% YoY): Hoteling meets compounding, finally.
- EBITDA Margin 37.3%: Piping hot and 110bps tastier.
- PAT ₹99 cr: Includes a ₹57 cr Navi Mumbai land write-back — classic “now you see it, now you don’t.”
- Net Debt/EBITDA 2.9x: Debt got a detox plan — yoga for the balance sheet.
- Credit rating A+ (Stable): From staycation to investment grade vacation.
3. Management’s Key Commentary
“RevPAR grew 11.2% YoY to ₹5,026.”
(Translation: Guests are finally paying up — even CFOs need hope.)
“Navi Mumbai dual-branded Westin & Fairfield project will redefine the skyline.”
(Translation: Translation: ‘We got cheap land, and now we’re feeling immortal.’)
“We’ve delevered; interest cost now 8.5%.”
(Translation: Banks finally stopped ghosting us. 😏)
“Phase 1 cost ₹650 cr, 400 rooms; cost per key ₹1.7 cr — below replacement value.”
(Translation: Mumbai’s costlier than karma, but we found a loophole.)
“Hyderabad lease hotel adds 260 rooms —
