Praveg Limited filed its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27) with BSE Limited. The disclosure was made through a media release that was also uploaded to the company's website at www.dizcoverpraveg.com.
Financial Performance - Consolidated
- Total Income: ₹46.21 crore
- EBITDA: ₹3.90 crore
- Net Loss: ₹13.23 crore
- EPS: (5.06)
Financial Performance - Standalone
- Total Income: ₹29.81 crore
- EBITDA: ₹(2.62) crore
- Net Loss: ₹13.30 crore
- EPS: (5.09)
Accounting Impact
Application of IND AS 116 "ROU on Lease Asset" resulted in total impact of ₹3.60 crore, comprising:
- Depreciation on ROU Asset: ₹1.89 crore
- Interest on Lease Liability: ₹1.71 crore
Actual lease rent paid during the quarter: ₹2.60 crore
Net impact on PBT: ₹1.00 crore
Total depreciation provided on assets of 17 resorts and hotel during Q1 FY27: ₹8.18 crore (compared to ₹7.82 crore in Q1 FY26)
Operational Highlights
- Hospitality and Event segment revenue: ₹29.80 crore
- Advertisement segment revenue: ₹16.21 crore
- Total room capacity: 825+ rooms across 17 operational resorts and one hotel
Management Commentary
Mr. Vishnu Patel, Chairman, commented on the strong top-line momentum with consolidated total income growing by 15.92% to ₹46.21 crore. He stated the company's strategy remains focused on disciplined expansion, operational efficiency, and strengthening the eco-responsible luxury portfolio for sustainable long-term growth and value creation.
Company Description
Praveg Limited describes itself as India's leading eco-responsible luxury resorts company, specializing in resorts located in culturally significant areas and places of exotic natural beauty. The company also has expertise in event management and has diversified into weddings and banquets hotels.