SAMHI swung to ₹85.5 crore profit as its GIC partnership and ACIC deal took hold

What was changed

SAMHI Hotels, one of India's leading hotel ownership and asset management platforms, closed FY24 with a ₹234.6 crore consolidated net loss. In May 2025 it reported FY25 profit after tax of ₹85.5 crore — a swing CEO and managing director Ashish Jakhanwala tied to expanding the hotel portfolio, strong revenue growth and the completion of a strategic partnership with GIC.

Two levers show in the numbers. The ACIC acquisition added to same-store growth: FY25 asset income rose 17.7% to ₹1,133.3 crore and asset EBITDA 21.2% to ₹457.6 crore, with RevPAR up 16.5% to ₹5,015 at 74% occupancy. And the GIC deal strengthened the balance sheet — finance cost fell to 9.2% as of May 15, 2025, with net debt to EBITDA standing at 3.2x.

Together with GIC, SAMHI launched a dedicated Upscale+ hotel investment platform seeded with more than 1,000 rooms in commercial hubs such as Bengaluru and Pune, which the company frames as funding growth in high-demand, high-barrier-to-entry markets.

Why it worked

The FY24 loss made balance-sheet repair urgent, and the GIC partnership cut financing costs while keeping expansion funded.

The ACIC acquisition added rooms in the same commercial hubs, so acquisition income compounded with same-store gains.

RevPAR growth of 16.5% shows the swing was demand-led as well as financial engineering, driven by recovery in commercial hubs.

What can be applied

Pair an operating turnaround with a balance-sheet one: a long-term investor's platform deal lowers financing costs while same-store growth and an acquisition lift earnings.

Aftermath

Q4 FY25 alone delivered ₹45.9 crore PAT with RevPAR up 20.6% year-on-year. The Upscale+ platform with GIC is seeded and operational; the company says it will keep scaling efficiently, and forward plans are management statements rather than verified results.