Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2025
PRAVEG · price
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Praveg Ltd reported strong revenue growth but swung to a loss in Q1 FY26. Consolidated revenue from operations rose to Rs. 3,939.15 lakhs, up about 68% from Rs. 2,339.65 lakhs in Q1 FY25. However, the company posted a consolidated loss after tax of Rs. 574.81 lakhs, compared to a profit of Rs. 76.31 lakhs a year ago. Standalone revenue grew to Rs. 2,927.09 lakhs but standalone loss after tax widened to Rs. 657.28 lakhs. Costs surged sharply, with depreciation nearly doubling (Rs. 942.44 lakhs vs Rs. 496.10 lakhs) and cost of operations more than doubling, dragging the core Events, Exhibitions & Hospitality segment into a Rs. 511.27 lakh loss. Basic EPS turned negative at Rs. (2.35) consolidated and Rs. (2.51) standalone. Results were approved by the Board on August 13, 2025, and a limited review was carried out by KPSJ & Associates LLP, with the report noting reliance on a predecessor auditor for prior period figures.
Strong top-line growth is offset by a sharp swing to losses and rising cost base, which is negative for near-term shareholder sentiment; the change in statutory auditor adds an element of governance watchfulness for investors.