PVP Ventures Q1 FY26 results: net loss narrows to ₹0.11 crore, revenue ₹17.21 crore vs ₹2.52 crore

How did PVP Ventures perform in Q1 FY26?

PVP Ventures reported consolidated revenue of ₹17.21 crore in Q1 FY26, up ₹14.69 crore from ₹2.52 crore in the year-ago quarter. EBITDA was ₹5.05 crore at a 29.3% margin, compared with a loss of ₹3.62 crore and a margin of -143.7% in Q1 FY25. The company reported a net loss of ₹0.11 crore and basic EPS of ₹0.01.

Against Q4 FY25, revenue fell ₹1.82 crore from ₹19.03 crore and EBITDA fell ₹0.16 crore from ₹5.21 crore. The EBITDA margin increased 1.9 percentage points to 29.3%, while profit before tax moved from ₹0.18 crore to a loss of ₹0.50 crore. Net loss narrowed by ₹2.46 crore from ₹2.57 crore, and basic EPS improved from ₹0.06 loss to ₹0.01.

On a standalone basis, the company reported revenue of ₹9.19 crore and PAT of ₹0.78 crore in Q1 FY26, against PAT of ₹1.39 crore loss in the corresponding period. The quarter ended 30 June 2025.

What changed in PVP Ventures' costs and profit?

Total expenses rose ₹13.59 crore from ₹7.86 crore in the year-ago quarter to ₹21.45 crore. Finance costs increased ₹7.15 crore to ₹8.27 crore, other expenses rose ₹3.82 crore to ₹7.37 crore, employee cost increased ₹1.15 crore to ₹3.39 crore, depreciation rose ₹0.41 crore to ₹1.01 crore, and cost of materials increased ₹0.31 crore to ₹0.65 crore.

Other income increased ₹1.11 crore from ₹2.63 crore to ₹3.74 crore. There was no exceptional item in Q1 FY26, while Q1 FY25 also had no exceptional item. Tax was ₹0.39 crore compared with ₹0.45 crore in the year-ago quarter.

Compared with Q4 FY25, total expenses rose ₹6.53 crore from ₹14.92 crore to ₹21.45 crore. Finance costs increased ₹7.41 crore to ₹8.27 crore, depreciation rose ₹0.77 crore to ₹1.01 crore, and other expenses increased ₹1.94 crore to ₹7.37 crore. Employee cost fell ₹3.75 crore to ₹3.39 crore, and other income rose ₹0.97 crore to ₹3.74 crore.

The previous quarter included an exceptional charge of ₹6.70 crore. The filing does not state the reasons for the movements in the cost lines or other income.

How has PVP Ventures done over the last 8 quarters?

Revenue reached a high of ₹19.03 crore in Q4 FY25 before falling to ₹17.21 crore in Q1 FY26. The lowest revenue in the listed period was ₹0.03 crore in Q2 FY24. PAT reached a high of ₹67.16 crore in Q3 FY24 and a low of ₹4.07 crore loss in Q2 FY24.

EBITDA margin improved from -171.9% in Q3 FY25 to 27.4% in Q4 FY25 and 29.3% in Q1 FY26. The latest quarter recorded a net loss of ₹0.11 crore, higher than the ₹0.74 crore loss in Q3 FY25 but lower than the ₹2.57 crore loss in Q4 FY25. Revenue rose year on year in each of the last two quarters.

Which businesses drove the quarter?

The reported Real Estate segment reported revenue of ₹9.19 crore, up from ₹2.61 crore in the year-ago quarter, with revenue growth of 252.1%. EBIT was ₹8.21 crore against a loss of ₹0.73 crore in the year-ago period, with an EBIT margin of 89.3%.

Health Care Services reported revenue of ₹8.02 crore and EBIT of -₹0.44 crore, with an EBIT margin of -5.5%. The filing excerpt does not provide a year-ago revenue or EBIT comparison for this segment. Movie Related Activities and Others reported no revenue and no EBIT.

What else did the company announce?

The board approved the standalone and consolidated unaudited financial results for the quarter ended 30 June 2025, along with the limited review report issued by the statutory auditors. It also approved the security cover certificate for the quarter.

The board appointed BDO India LLP as internal auditors for the financial year 2025–2026. It recommended ARS & Associates Company Secretaries LLP for appointment as secretarial auditors for a five-year term from the financial year 2025–2026 to 2029–2030, subject to shareholder approval at the ensuing Annual General Meeting. The board meeting scheduled for 13 August 2025 was adjourned to 20 August 2025 because the required quorum was not available.

What did the auditors point out?

The statutory auditors’ review concluded that the review was substantially less in scope than an audit and did not enable them to obtain assurance that they would become aware of all significant matters identified in an audit. They stated that they did not express an audit opinion.

The auditors included emphasis-of-matter paragraphs concerning SEBI summons for production of documents, loans and investments extended to erstwhile subsidiaries, recovery of amounts from related parties, pending GST, Income Tax, Stamp Duty and SEBI appeals, and impairment testing for Humain Health Tech Private Limited. The review conclusion was not modified in respect of these matters, as stated in the excerpts.

How did PVP Ventures shares react?

The filing appeared after market hours at a base price of ₹20.50, compared with the previous close of ₹21.19. The stock was up 3.4% after 5 minutes, 2.4% after 15 minutes, and 0.4% after 30 minutes. On the reaction day, it fell 5.2% from the previous close, against a 0.4% rise for the Residential Commercial Projects industry.

By the next day’s close, the stock was down 1.0% from its pre-results close, against a 0.5% decline for the industry. By the fifth-session close, it was down 1.1%, versus a 3.5% decline for the industry. Earlier results-day moves were negative on 29 May 2025, 12 November 2024, 12 August 2024 and 28 May 2024, and positive on 14 February 2025.

How did other Residential Commercial Projects companies do?

PVP Ventures’ revenue growth was above the median of 10.9% for the other Residential Commercial Projects companies. Among the peers compared, 56 grew more slowly than PVP Ventures and 2 grew faster. Of the 59 peers for which profit was compared, 35 reported higher profit.