Mumbai (Maharashtra) [India],November 18: Praveg Limited(BSE – 531637), India’s leading eco-responsible luxury resorts company, reported its Unaudited Financial Results for the Q2 FY25 & H1 FY25.
Key Financial Highlights
Q2 FY25
Consolidated
- Total Income of ₹ 35.58 Cr against ₹ 14.64 crore in Q2 FY24.
- EBITDA of ₹ 10.58 Cr against ₹ 4.47 Cr in Q2 FY24.
- Net Profit of ₹ 1.40 Cr against ₹ 2.10 Cr in Q2 FY24.
- EPS of ₹ 0.55 against ₹ 0.97 in Q2 FY24.
Standalone
- Total Income of ₹ 27.81 Cr against ₹ 14.64 crore in Q2 FY24.
- EBITDA of ₹ 8.66 Cr against ₹ 4.48 Cr in Q2 FY24.
- Net Profit of ₹ 1.43 Cr against ₹ 2.10 Cr in Q2 FY24.
- EPS of ₹ 0.55 against ₹ 0.97 in Q2 FY24.
H1 FY25
Consolidated
- Total Income of ₹ 60.26 Cr against ₹ 27.08 crore in H1 FY24.
- EBITDA of ₹ 18.21 Cr against ₹ 9.41 Cr in H1 FY24.
- Net Profit of ₹ 2.17 Cr against ₹ 3.26 Cr in H1 FY24.
- EPS of ₹ 0.85 against ₹ 1.51 in H1 FY24.
Standalone
- Total Income of ₹ 52.49 Cr against ₹ 27.08 crore in H1 FY24.
- EBITDA of ₹ 16.29 Cr, against ₹ 9.42 Cr in H1 FY24.
- Net Profit of ₹ 2.19 Cr, against ₹ 3.27 Cr in H1 FY24.
- EPS of ₹ 0.55, against ₹ 0.97 in H1 FY24.
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Key Operation Highlights:
Key Highlights for Q2 FY25
- Hospitalities segment’s Revenue contributed ₹ 23.67 Cr
- Event & Exhibition’s Revenue segment contributed ₹ 2.39 Cr
- Advertisement Segment Contributed ₹ 7.75 Cr
- The company is having total 619 Rooms across 12 operational resorts and one hotel.
Commenting on the results Mr. Vishnu Patel, Chairman, Praveg Limited said, “We are pleased with our strong revenue and operating profit growth, driven by our strategic expansion and commitment to eco-responsible luxury hospitality. Our ongoing expansion efforts have led to higher depreciation and finance costs, which have impacted our profitability in the short term. However, as our operations stabilize, we expect to see improved margins in the coming quarters. We remain on track to achieve our Vision 2028 goal of over 2,500 rooms across 65+ locations, positioning Praveg as a distinguished leader in eco-conscious luxury hospitality.”
Highlights For Q2 FY25
| Strategic Acquisitions | Acquired 51% stakes in Abhik Advertising Private Limited and Bidhan Advertising and Marketing Private Limited, issuing 11,698 and 104,076 shares respectively |
| O&M Contract from TCGL | Secured an O&M contract from Tourism Corporation of Gujarat Limited for the operation, maintenance, and management of 30 Bhungas, adding to 46 existing tents in Dhordo, Gujarat |
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