Financial Performance (Standalone)

Quarterly Comparative Results (₹ in lakhs):

| Performance Indicators | 3 months ended June 30, 2026 | 3 months ended March 31, 2026 | 3 months ended June 30, 2025 | FY ended March 31, 2026 |

| Total Revenue | 1,10,471.85 | 94,127.29 | 85,660.94 | 3,73,263.49 |

| Net profit before exceptional items & tax | 94.90 | 25.10 | 151.46 | 428.27 |

| Net profit for the period | 70.90 | (36.62) | 113.46 | 271.55 |

Key Performance Highlights:

  • Total Revenue of ₹1,10,471.85 lakh for Q1 FY27, representing 28.9% year-on-year growth compared to ₹85,660.94 lakh in Q1 FY26
  • 17.4% sequential growth over ₹94,127.29 lakh reported in Q4 FY26 (quarter ended March 31, 2026)
  • Profit before Exceptional Items and Tax stood at ₹94.90 lakh, significantly higher than ₹25.10 lakh in the preceding quarter
  • Net Profit of ₹70.90 lakh, compared to net loss of ₹36.62 lakh in Q4 FY26, reflecting a return to profitability

Operational Context and Market Conditions

The operating environment during Q1 FY27 remained highly volatile due to:

  • Geopolitical developments in the Middle East
  • Higher aviation fuel prices
  • Airspace disruptions
  • According to ICRA, international passenger traffic witnessed 18% year-on-year decline during the quarter due to disruption of several international routes & operations

RBI Travel Remittance Data

The Reserve Bank of India reported moderation in travel-related outward remittances under the Liberalised Remittance Scheme (LRS):

  • Travel remittances declined from US$1.271 billion in April 2025 to US$1.160 billion in April 2026 (8.7% YoY decline)
  • Travel remittances stood at US$1.280 billion in May 2026, compared with US$1.380 billion in May 2025 (7.2% YoY decline)
  • Travel continued to remain the largest category under the LRS despite these declines

Management Commentary

Mr. Pavan Kumar Kavad, Managing Director, commented:

"The first quarter of FY27 presented a challenging macroeconomic environment for the travel and foreign exchange industry, with geopolitical developments impacting international travel significantly. Despite these conditions, the Company achieved positive growth over the corresponding period, outperforming the broader market trend and strengthening its competitive position and delivered strong revenue growth and returned to profitability on a sequential basis. We remain committed to maintaining operational discipline, enhancing customer service and creating sustainable long-term value for our stakeholders."

Company Background

Prithvi Exchange (India) Limited is a Reserve Bank of India (RBI) licensed Authorized Dealer Category II with 31 years of operation. The company has:

  • Geographic footprint in 25 key cities with 38 branches across India
  • Plans to expand network to other cities and foreign countries shortly
  • Services include foreign exchange for Leisure and Business Travelers, Students, and others travelling overseas

Additional Information

  • Un-audited Financial Results for the quarter ended June 30, 2026 are available in the Investor Relations section of the company website: https://prithvifx.com/investor-relation/
  • Company registered office: Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu