Media release for Unaudited Financial Results for the quarter ended June 30, 2025
PRAVEG · price
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Praveg Ltd reported Q1 FY26 consolidated total income of ₹39.86 Cr, up 61.50% from ₹24.68 Cr in Q1 FY25. However, EBITDA declined 18.45% to ₹6.22 Cr, and the company swung to a net loss of ₹5.75 Cr compared to a net profit of ₹0.76 Cr last year. Standalone performance was weaker, with revenue up 21.06% to ₹29.88 Cr but EBITDA falling 56.69% to ₹3.30 Cr and a net loss of ₹6.57 Cr. Hospitality and events contributed ₹29.27 Cr while the advertisement segment added ₹10.12 Cr. The company now has 825+ rooms across 17 resorts and one hotel, completed the handover of Bangaram Island Resort to IHCL under the SeleQtions brand, and launched Praveg Resort Kachigam in Daman.
Strong revenue growth driven by new property additions is encouraging, but the sharp drop in profitability and swing to losses signal margin pressure from high fixed costs at recently launched resorts. Short-term shareholders may see this as a mixed quarter with growth momentum weighed down by near-term profitability concerns, while the company frames it as a strategic investment phase for future growth.