Outcome of the Board Meeting held on 12/02/2026
PRAVEG · price
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Praveg Ltd's board approved unaudited consolidated and standalone results for Q3 FY26 (quarter ended Dec 31, 2025). Consolidated revenue from operations jumped 66.7% YoY to Rs. 9,045.14 lakh, while standalone revenue rose 71% YoY to Rs. 7,361.22 lakh. However, Q3 consolidated profit was Rs. 992.75 lakh (slightly below Rs. 1,054.80 lakh in Q3 FY25), and on a 9-month basis the company is still in loss at Rs. (503.86) lakh consolidated versus Rs. 1,271.44 lakh profit last year. EBITDA margins compressed sharply from ~40% in Q3 FY25 to ~29% in Q3 FY26 as costs rose faster than revenue. The auditor KPSJ & Associates LLP issued an unmodified limited review opinion, but the report references a 'predecessor auditor', indicating a mid-year auditor change. The board also approved changing Mr. Vishnukumar Patel from Chairman & Non-Executive to Chairman & Managing Director, moving Ms. Bijal Parikh to Non-Executive Director, reconstituted two committees, and initiated a postal ballot process.
Strong top-line growth is encouraging, but compressed margins and a 9-month loss signal cost pressures that shareholders should monitor. The new auditor appointment and the promoter taking on an executive Managing Director role (subject to shareholder approval) are key governance items to watch.