Praveg Q1 FY27 Results: Loss Widens to Rs 13.23 Cr Despite Revenue Growth
PRAVEG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Praveg's Board approved Q1 FY27 results for the quarter ended June 30, 2026. Consolidated revenue rose about 17 percent to Rs 46.01 cr from Rs 39.39 cr year-on-year. However, consolidated loss widened sharply to Rs 13.23 cr from Rs 5.75 cr. Total expenses surged to Rs 59.42 cr, driven by higher depreciation of Rs 12.99 cr and finance costs of Rs 4.11 cr. Standalone loss stood at Rs 13.30 cr versus Rs 6.57 cr. Advertisement segment grew about 60 percent, but Events and Hospitality posted a segment loss of Rs 11.29 cr. The 31st AGM is scheduled for September 25, 2026 via video conferencing.
Widening losses and rising costs despite revenue growth signal persistent profitability pressure. Negative for near-term investor sentiment.