Praveg Q1 FY27: Growth Continues, Profitability Pressured

In Q1 FY27, consolidated net sales were 46.01 crore and total income was 46.21 crore. Consolidated EBITDA was 3.90 crore (8.45% margin) and reported net profit was -13.23 crore (EPS -5.06).

Consolidated total income increased to 46.21 crore in Q1 FY27 from 39.86 crore in Q1 FY26. However, EBITDA declined to 3.90 crore from 6.22 crore and reported net loss widened to -13.23 crore from -5.75 crore.

The presentation groups operations into Hospitality and Tourism, Exhibition and Events, and Advertisement. It also provides revenue by vertical for FY24 to FY26 under Event, Exhibitions and Hospitality and Advertisement.

The presentation’s vertical table shows Advertisement revenue of 34.41 crore in FY25 and 56.97 crore in FY26.

The presentation states the company manages 17 resorts and 1 five star hotel, totaling 827+ rooms. It also highlights a pipeline of 577 rooms across upcoming resorts.

In Lakshadweep, the presentation cites a work order for 200 luxury tents at Thinnakara and 150 luxury tents at Bangaram with a 5-year term extendable by 2 years. In Meghalaya, it cites a LoA for a ~10-acre Umiam resort under DBFOT PPP, with 40+ luxury cottages and an 18-month execution timeline.

The presentation states IHCL will manage Praveg Atoll’s, Bangaram Island under the SeleQtions brand. It also mentions a partnership with Ginger (an IHCL brand) for the Jalandhar Circuit House Resort, Diu.