In continuation of our intimation dated November 6, 2025 and pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ('Listing Regulations'), ....
PRAVEG · price
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Praveg Ltd reported a sharp swing into losses for Q2 FY26 despite strong revenue growth. Consolidated revenue rose about 19% YoY to Rs 3,750 lakh in Q2 and about 40% YoY to Rs 7,689 lakh in H1 FY26. However, the company slipped into a consolidated loss of Rs 922 lakh in Q2 versus a profit of Rs 140 lakh a year ago, and an H1 loss of Rs 1,497 lakh versus a profit of Rs 217 lakh in H1 FY25. Standalone performance mirrored this trend with a Q2 loss of Rs 1,013 lakh and H1 loss of Rs 1,671 lakh. Total expenses grew much faster than revenue, driven by higher operating, employee, depreciation and finance costs, leading to deep margin compression. On the positive side, operating cash flow turned positive at Rs 691 lakh versus a cash burn last year, and the statutory auditor issued an unmodified (clean) review opinion.
Sharp swing to losses and steep margin erosion on rising costs is likely to weigh negatively on the stock in the near term, even though revenue growth is strong and operating cash flow has improved. Shareholders should watch for cost discipline, the Event & Hospitality segment turnaround, and clarity on FY26 full-year tax provisioning.