Investor presentation on unaudited financial results of the Company for the quarter ended June 30, 2025.
PRAVEG · price
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Praveg Limited reported Q1 FY26 consolidated total income of ₹39.86 Cr, up 61.5% YoY from ₹24.68 Cr, driven by a larger resort portfolio. However, profitability weakened sharply — EBITDA fell to ₹6.22 Cr (margin 15.59% vs 30.88% YoY) and the company slipped into a consolidated net loss of ₹5.75 Cr versus a profit of ₹0.76 Cr a year ago, impacted by seasonal factors, lower occupancy, and high fixed costs at newly launched properties (Jawai, Bangaram, Kachigam). The Bangaram Island unit has been handed over to IHCL for operation under the Taj SeleQtions brand, and partnerships with Ginger and Mahindra Holidays have been expanded. Management reiterated its Vision 2028 target of 2,500+ rooms across 65+ locations, with 11 new resorts (577 rooms) in the pipeline, including a 350-tent work order from Lakshadweep Tourism.
Near-term sentiment may be weak as the swing to a quarterly loss and sharp margin compression highlight the cost burden of new property launches. However, the long-term growth story remains intact, supported by a visible expansion pipeline, brand partnerships with IHCL and Mahindra, and a clear multi-year room addition roadmap that should drive future revenue and margin recovery.