Financial Results - Q2 FY27

Consolidated Performance

  • Total Income: ₹44.25 Cr (vs ₹37.84 Cr in Q2 FY26), growth of 16.9%
  • EBITDA: ₹-2.93 Cr (vs ₹3.96 Cr in Q2 FY26)
  • Net Loss: ₹20.13 Cr (vs Net Loss of ₹9.22 Cr in Q2 FY26)
  • EPS: (7.70) (vs (3.53) in Q2 FY26)

Standalone Performance

  • Total Income: ₹27.80 Cr (vs ₹26.67 Cr in Q2 FY26), growth of 4.2%
  • EBITDA: ₹-9.71 Cr (vs ₹0.41 Cr in Q2 FY26)
  • Net Loss: ₹20.59 Cr (vs Net Loss of ₹10.13 Cr in Q2 FY26)
  • EPS: (-7.87) (vs (-3.88) in Q2 FY26)
  • Total Depreciation: ₹8.32 Cr provided on assets of 17 resorts and hotel during Q2 FY27

Financial Results - H1 FY27

Consolidated Performance

  • Total Income: ₹90.46 Cr (vs ₹77.71 Cr in H1 FY26), growth of 16.4%
  • EBITDA: ₹0.97 Cr (vs ₹10.17 Cr in H1 FY26)
  • Net Loss: ₹33.37 Cr (vs Net Loss of ₹14.97 Cr in H1 FY26)
  • EPS: (12.76) (vs (5.73) in H1 FY26)

Standalone Performance

  • Total Income: ₹57.61 Cr (vs ₹56.55 Cr in H1 FY26), growth of 1.9%
  • EBITDA: ₹-12.32 Cr (vs ₹3.72 Cr in H1 FY26)
  • Net Loss: ₹33.89 Cr (vs Net Loss of ₹16.71 Cr in H1 FY26)
  • EPS: (12.96) (vs (6.39) in H1 FY26)
  • Total Depreciation: ₹16.51 Cr provided on assets of 17 resorts and hotel during H1 FY27

Operational Highlights

Segment-wise Revenue Breakdown

  • Hospitality & Events: ₹27.73 Cr in Q2 FY27, ₹57.53 Cr in H1 FY27
  • Advertisement: ₹16.02 Cr in Q2 FY27, ₹32.22 Cr in H1 FY27

Property Portfolio

  • Current operations: 18 properties with 927+ keys across 7 destinations
  • New property: Praveg Atoll's Lakshadweep commenced operations on October 21, 2026 with 100 unique accommodations (85 cocoon-shaped and 15 shell-shaped rooms)
  • Facility details: Restaurant and bar, spa and yoga, scuba diving and water sports, beachside pickleball, outdoor wedding venue, conference hall for up to 400 guests
  • Development model: Asset-light approach using government-owned land leased to the Company

Contracts and Projects

  • Work Order received on October 27, 2026 worth ₹11.16 crore (plus GST) for setting up, furnishing and operating temporary rest-shelter facilities for parade contingent in Statue of Unity area
  • Project duration: October 20 to November 1, 2026
  • Client: Tourism Corporation of Gujarat

Corporate Actions and Approvals

Amalgamation

  • Scheme of amalgamation of Eulogia Inn Private Limited with Praveg Limited approved by equity shareholders and creditors at NCLT-convened meeting held on July 18, 2026
  • Status: Subject to NCLT sanction
  • Purpose: Simplifying corporate structure

Financing and Capital Structure

  • Conversion approved: Unsecured Intercorporate Loan from M/s Jhaveri Credits and Capital Limited into 8,33,700 Equity shares
  • Issuance approved: 11,00,000 Convertible Warrants to Promotors and Promotor Group of the Company on Preferential Basis

Management Commentary

Dr. Vishnukumar Patel, Chairman and Managing Director, noted that Q2 is traditionally a soft quarter for leisure travel due to monsoon season. He highlighted the revenue growth of 16.9% and emphasized the company's asset-light model of partnering with government bodies on leased land and building eco-responsible, non-permanent structures. Management expressed confidence in delivering sustainable growth in the second half of the year, which is their peak season, citing ramp-up of newly launched properties and a strong pipeline.

Company Background

Praveg Limited describes itself as India's leading eco-responsible luxury resorts and experiential hospitality company, specializing in luxury resorts located in areas of cultural and heritage significance and exotic natural beauty. The company emphasizes its ability to operate in locations where traditional construction isn't possible while preserving local ecosystems. The company also has expertise in event management and creating large, non-permanent structures in short time periods, with recent diversification into weddings and banquets hotels.

Forward-Looking Statements

The document contains a safe harbor statement noting that forward-looking statements are subject to risks and uncertainties including general economic conditions, government policies, seasonality, competition and other factors beyond the company's control.

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