Samhi Hotels Q1FY27 Results: Revenue up 12% YoY

Key takeaway from the quarter

Samhi Hotels Ltd reported its Q1FY27 numbers with year-on-year growth in revenue and profit, even as several metrics declined sequentially from Q4FY26. Consolidated revenue came in at Rs 305.21 crore versus Rs 272.21 crore a year ago, translating into 12.12% YoY growth. On a quarter-on-quarter basis, revenue was down 11.50% as per the figures shared in the results summary. EBITDA rose to Rs 98.23 crore compared with Rs 90.50 crore in the year-ago period, up 8.54% YoY, but down 11.98% QoQ. The EBITDA margin stood at 32.18% versus 33.25% in Q1FY26 and 32.36% in Q4FY26.

Revenue rises YoY, but slips sequentially

The headline number for the quarter was revenue of Rs 305.21 crore, up from Rs 272.21 crore in Q1FY26. The same update also flagged a sequential decline of 11.50% versus the immediately preceding quarter. For investors, the YoY improvement signals continued momentum from the base business compared with last year. But the QoQ decline matters because Q4 often benefits from seasonality and stronger year-end travel and corporate demand. With only the reported numbers available here, the quarter reads as a mixed print: higher sales versus last year, but a softer run-rate compared with the preceding quarter.

EBITDA and margins: growth, but tighter YoY

EBITDA for Q1FY27 was reported at Rs 98.23 crore, compared with Rs 90.50 crore in Q1FY26. This implied YoY growth of 8.54% in operating profit, which lagged revenue growth, and that showed up in margin movement. The EBITDA margin came in at 32.18%, lower than 33.25% a year ago, and slightly lower than 32.36% in Q4FY26. The reported margin trend suggests costs grew faster than operating profit on a YoY basis. At the same time, the margin remained above 32% despite the QoQ revenue drop, indicating operating profitability held up relative to sales.

Profit before tax (ex-exceptional) improves YoY

Profit before tax excluding exceptional items was reported at Rs 32.73 crore, compared with Rs 25.91 crore in Q1FY26. That translated into 26.36% YoY growth, according to the summary. However, the same data points to a 26.81% QoQ decline on this measure. The combination of higher YoY PBT (ex-exceptional) but lower QoQ indicates that the Q4 base was stronger even on an adjusted basis. This is important because it separates operating quarter performance from one-off items.

PAT rises YoY, but QoQ comparison is distorted

PAT from continuing operations was Rs 24.93 crore versus Rs 22.04 crore in Q1FY26, up 13.11% YoY. Reported PAT was also Rs 24.93 crore versus Rs 19.22 crore in Q1FY26, up 29.72% YoY. But sequentially, PAT was shown as down 93.76% QoQ, highlighting that Q4FY26 had an unusually high profit base. PAT after minority interest stood at Rs 18.25 crore compared with Rs 17.28 crore in Q1FY26, up 5.61% YoY, while the QoQ change was reported as -94.84%. The QoQ compression, based on the information provided, aligns with lower other income and the absence of the prior quarter’s exceptional gain.

Other income and the Q4 exceptional gain

Other income in Q1FY27 was reported at Rs 3.08 crore, compared with Rs 15.09 crore in the year-ago period and Rs 8.61 crore in the previous quarter. This drop in other income is one clear contributor to the weaker QoQ profit comparison. The summary also highlighted a “Last Q4 Exceptional Gain of Rs 24.49 crore,” which suggests Q4FY26 included one-off gains that did not recur in Q1FY27. Taken together, these two line items help explain why PAT comparisons versus Q4FY26 look unusually weak even though YoY profit rose.

How the print stacks up against the preview ranges

Ahead of the results, a preview note cited Samhi Hotels at a CMP of Rs 174 and outlined a Q1 FY27E revenue range of Rs 292-336 crore with a PAT estimate of Rs 25-32 crore. Against those ranges, the reported revenue of Rs 305.21 crore sits within the indicated revenue band. The reported PAT of Rs 24.93 crore is just under the lower end of the stated PAT estimate band. The same preview also mentioned a 12-month target range of Rs 181-204.

Operating metrics context from prior disclosures

The provided material also included operating indicators from prior periods, offering context on demand and pricing. For Q1FY26, total income was stated at Rs 287.30 crore (Rs 2,873 million), with EBITDA of Rs 105.60 crore (Rs 1,056 million), occupancy of 74%, and RevPAR of Rs 4,760, up 10.3% YoY. Other quarters referenced include RevPAR of Rs 5,026 (Q2FY26) and Rs 5,643 (Q3FY26), with occupancy noted at 75% (Q2FY26) and 73% (Q3FY26). These data points highlight that the company has previously reported improving RevPAR and steady occupancy through FY26, which helps frame the YoY revenue growth seen in Q1FY27.

Key numbers at a glance

Market impact and what investors may track

With the stock referenced at a CMP of Rs 174 and a 12-month target range of Rs 181-204 in the preview, the Q1FY27 print provides a fresh baseline for tracking delivery versus expectations. The most striking takeaway from the quarter is the sharp QoQ fall in PAT percentages, which appears linked to lower other income and the non-recurrence of a Q4 exceptional gain of Rs 24.49 crore. Investors typically separate such one-offs from underlying operating trends, making revenue growth and EBITDA margin movement critical in subsequent quarters. From the disclosed figures, revenue growth remained positive YoY, while margins were lower than last year. Future updates on occupancy and RevPAR, which were provided for earlier quarters, are likely to remain key operating indicators for interpreting revenue trajectory.

Conclusion

Samhi Hotels’ Q1FY27 results showed revenue of Rs 305.21 crore and EBITDA of Rs 98.23 crore, with YoY improvement but softer sequential comparisons. PAT rose versus Q1FY26, while QoQ profit comparisons were pressured by lower other income and the absence of a Q4 exceptional gain of Rs 24.49 crore. The quarter’s reported numbers also allow a check against the earlier Q1FY27 estimate ranges that cited revenue of Rs 292-336 crore and PAT of Rs 25-32 crore, alongside a CMP of Rs 174 and a 12-month target of Rs 181-204. The next catalyst will be subsequent quarterly disclosures that clarify whether margins and operating trends revert toward FY26 levels.