Financial Performance (Standalone)

Quarterly Comparative Results (₹ in lakhs):

Total Revenue:

  • Q2 FY27 (September 30, 2026): ₹1,31,308.96
  • Q1 FY27 (June 30, 2026): ₹1,10,822.54
  • Q2 FY26 (September 30, 2025): ₹1,02,131.99
  • Full Year FY26 (March 31, 2026): ₹3,73,263.49

Net Profit Before Exceptional Items & Tax:

  • Q2 FY27: ₹118.40
  • Q1 FY27: ₹94.90
  • Q2 FY26: ₹166.82
  • Full Year FY26: ₹428.27

Net Profit:

  • Q2 FY27: ₹92.40
  • Q1 FY27: ₹70.90
  • Q2 FY26: ₹124.82
  • Full Year FY26: ₹271.55

Performance Highlights

  • Revenue Growth: 28.6% year-on-year compared to Q2 FY26 (₹1,02,131.99 lakh) and 18.5% quarter-on-quarter compared to Q1 FY27 (₹1,10,822.54 lakh)
  • Profit Before Exceptional Items and Tax: ₹118.40 lakh, showing 24.8% sequential growth from ₹94.90 lakh in Q1 FY27
  • Net Profit: ₹92.40 lakh, registering 30.3% quarter-on-quarter growth from ₹70.90 lakh in Q1 FY27

Industry Context

The travel and foreign exchange industry remained under pressure in Q2 FY27. According to ICRA, international traffic carried by Indian airlines fell 19.3% in H1 FY27, attributed mainly to:

  • West Asia conflict
  • Resulting airspace restrictions
  • Higher aviation turbine fuel prices pushing up airfares

The decline narrowed over the period from 23.0% in the first four months of FY27.

RBI data on outward remittances under the Liberalised Remittance Scheme (LRS) showed:

  • Travel-related remittances of US$1,463.11 million in July 2026
  • Travel-related remittances of US$1,630.26 million in August 2026
  • These figures are broadly flat year-on-year (up 1.2% and 0.7% respectively)
  • Composition changed significantly with education-related travel rising and holiday/other travel falling from US$853.11 million in June to US$713.80 million in August 2026

Management Commentary

Mr. Pavan Kumar Kavad, Managing Director, commented:

  • Q2 FY27 was another difficult quarter for outbound travel due to disruption in West Asia, higher airfares, and volatile rupee
  • Leisure travel remained subdued while industry travel remittances held broadly steady
  • Mix moved towards education and corporate travel
  • Digital channels gained further traction with growing share of customers transacting online
  • Company will continue investing in digital onboarding, online ordering, and remittance platforms
  • Focus on improving customer experience and operating efficiency while maintaining cost discipline
  • Expects demand improvement as international air capacity recovers and second-half travel/academic seasons begin

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:

  • 39 branches across 25 key cities in India
  • Plans to expand network to other cities and foreign countries
  • Services include foreign currencies, forex cards, and remittances abroad for leisure/business travelers, students, and others

Additional Information

Unaudited financial results for the 2nd quarter and half-year ended September 30, 2026 are available in the Investor Relations section of the company website: https://prithvifx.com/investor-relation/