Praveg Ltd Q2 FY27 Revenue Rises 16.9%, Loss Widens to ₹20.13 Crore

Praveg Ltd reported Q2 FY27 consolidated revenue of ₹44.25 crore, up 16.9% year on year, but its net loss widened to ₹20.13 crore from ₹9.22 crore. The September-quarter result matters because higher income was accompanied by a larger loss and increased depreciation, focusing attention on costs and the company’s second-half outlook.

What did Praveg report for Q2 FY27?

Praveg reported consolidated revenue of ₹44.25 crore for the quarter ended September 30, 2026, a 16.9% increase from the corresponding quarter of the previous year. However, the company recorded a consolidated net loss of ₹20.13 crore, compared with a net loss of ₹9.22 crore in Q2 FY26.

On a standalone basis, revenue rose 4.2% year on year to ₹27.80 crore. Standalone net loss stood at ₹20.59 crore. Depreciation expense increased to ₹8.32 crore during Q2 FY27, making it a material reported cost item in the quarter.

How were Praveg’s results approved and disclosed?

Praveg’s Board of Directors met on November 3, 2026, and approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The company released the results through a press release after the board approval.

The board meeting also included changes in key managerial personnel. Praveg disclosed the resignation of its Company Secretary and Compliance Officer and appointed Himalay Amardas Dudharejiya as Company Secretary and Compliance Officer, along with related key managerial personnel changes. These disclosures were separate from the quarterly financial outcome but formed part of the company’s announcements on the day.

Before the results, Praveg had said its trading window would remain closed from October 1, 2026, until 48 hours after the declaration of the financial results. The closure was linked to the review and approval of the September-quarter unaudited results.

How does the Q2 performance compare with recent quarters?

Praveg’s Q2 FY27 consolidated revenue of ₹44.25 crore followed revenue of ₹46.01 crore reported for Q1 FY27 and ₹73.60 crore in Q4 FY26. These figures show that the company had reported higher consolidated revenue in the immediately preceding June quarter and in the March quarter, though quarterly revenue levels can vary across reporting periods.

In Q1 FY27, Praveg reported consolidated EBITDA of ₹3.90 crore and an EBITDA margin of 8.45%, compared with EBITDA of ₹6.22 crore and a margin of 15.59% in Q1 FY26. The reported Q1 figures had already indicated lower operating profitability despite a 16.88% year-on-year increase in consolidated net sales to ₹46.01 crore.

The Q2 result extends the focus on profitability. Revenue growth of 16.9% was not sufficient to prevent the consolidated loss from widening year on year. The reported increase in depreciation to ₹8.32 crore is also relevant when assessing the gap between revenue expansion and bottom-line performance.

What are investors watching after Praveg’s Q2 FY27 results?

Investors are watching Praveg’s scheduled earnings conference call on November 4, 2026, at 3:00 PM IST. Chairman and Managing Director Dr. Vishnukumar Patel is listed as management for the call, which is intended to cover unaudited standalone and consolidated results for Q2 and H1 FY27.

The company has said management expects sustainable growth and long-term value creation in the second half of the fiscal year. The available result disclosure does not provide quantified second-half revenue, margin, capex, fundraising, or order-book guidance. Earlier call-related information had referred to revenue growth expectations of 20% to 40%, flat margins, planned capex and fundraising, and a rising order book.

For shareholders, the key issue is the relationship between reported revenue growth and the larger loss. The earnings call may provide additional context on operating costs, depreciation, project execution, and the assumptions behind management’s second-half outlook. No share-price movement or market reaction was included in the available disclosures.

Conclusion

Praveg’s Q2 FY27 result showed a 16.9% increase in consolidated revenue to ₹44.25 crore, while consolidated net loss widened to ₹20.13 crore from ₹9.22 crore a year earlier. The standalone business also posted a loss, and depreciation expense of ₹8.32 crore was a notable component of the quarter’s reported cost structure.

The next disclosed event is Praveg’s November 4 earnings call, where management is expected to discuss the Q2 and H1 FY27 numbers. Investors will watch for clarity on the company’s stated second-half growth outlook, cost management, planned capex and fundraising, and any update on the order book.