Praveg’s Q3 FY25 Consolidated EBITDA Up 66.39%

Mumbai (Maharashtra) [India], February 12: Praveg Limited(BSE – 531637), India’s leading eco-responsible luxury resorts company, reported its Unaudited Financial Results for the Q3 FY25 & 9 Months FY25.

Key Financial Highlights

Q3 FY25

Consolidated

Total Income of ₹ 54.88 Cr against ₹ 33.97 Cr in Q3 FY24.
EBITDA of ₹ 22.07 Cr against ₹ 13.27 Cr in Q3 FY24.
Net Profit of ₹ 10.55 Cr against ₹ 8.10 Cr in Q3 FY24.
EPS of ₹ 4.08 against ₹ 3.56 in Q3 FY24.

Standalone

Total Income of ₹ 43.48 Cr against ₹ 33.79 Cr in Q3 FY24.
EBITDA of ₹ 17.52 Cr against ₹ 13.26 Cr in Q3 FY24.
Net Profit of ₹ 7.65 Cr against ₹ 8.09 Cr in Q3 FY24.
EPS of ₹ 2.96 against ₹ 3.55 in Q3 FY24.
During this quarter, Company has sold bulk room night worth Rs.18.56 Crores at Rann Utsav Resort, Dhordo, Kutch, in accordance with master franchise agreements, However in order to comply with Ind AS 115 – Revenue from Contracts with Customers, net revenue of Rs.1.56 crore only has been included in revenue from operations.
During this quarter, Finance cost includes Rs.151.65 Lakhs on account of Interest on Lease Liabilities, worked out in accordance with Ind AS-116- Leases.

9 Months FY25

Consolidated

Total Income of ₹ 115.14 Cr against ₹ 61.06 Cr in 9 Months FY24.
EBITDA of ₹ 40.28 Cr against ₹ 22.68 Cr in 9 Months FY24.
Net Profit of ₹ 12.71 Cr against ₹ 11.36 Cr in 9 Months FY24.
EPS of ₹ 4.92 against ₹ 5.02 in 9 Months FY24.

Standalone

Total Income of ₹ 95.97 Cr against ₹ 60.88 Cr in 9 Months FY24.
EBITDA of ₹ 33.80 Cr, against ₹ 22.68 Cr in 9 Months FY24.
Net Profit of ₹ 9.84 Cr, against ₹ 11.36 Cr in 9 Months FY24.
EPS of ₹ 3.81, against ₹ 5.02 in 9 Months FY24.

Key Operation Highlights

Key Highlights for Q3 FY25

Hospitality and Event segment’s Revenue contributed ₹ 42.97 Cr
Advertisement Segment Contributed ₹ 11.31 Cr
The company is having total 714 Rooms across 13 operational resorts and one hotel.
Praveg Limited Partnerd with Lallooji & Sons as Master Franchise for Rann Utsav 2024‐25
Praveg Beach Resort at Jalandhar House, Diu Commences Operations in Partnership with Roots Corporation Limited (Ginger – An IHCL Brand) from December 12, 2024.
Praveg Resort at Damanganga Circuit House, Silvassa commences its operations from December 9, 2024.
Praveg Limited executed Strategic Inventory Agreement with Mahindra Holidays & Resorts India Limited

Commenting on the results Mr. Vishnu Patel, Chairman, Praveg Limited said, “We are pleased with our strong revenue and operating profit growth, driven by strategic expansion and our commitment to eco-luxury hospitality. While expansion has led to higher depreciation and finance costs, impacting short-term profitability, we expect improved margins as operations stabilize. Despite strong bulk room night sales at Rann Utsav Resort, only a portion has been recognized as revenue this quarter. We are also making steady progress in operationalizing our new resorts and facilities, reinforcing our growth trajectory. As we continue expanding in the coming quarters, we remain firmly on track to achieve our Vision 2028 goal of over 2,500 rooms across 65+ locations, cementing Praveg’s position as a distinguished leader in eco-conscious luxury hospitality.”

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