Praveg’s Q2 FY25 Consolidated EBITDA Up 138 Percent
Mumbai (Maharashtra) [India],November 18: Praveg Limited(BSE – 531637), India’s leading eco-responsible luxury resorts company, reported its Unaudited Financial Results for the Q2 FY25 & H1 FY25. Key Financial Highlights Q2 FY25 Consolidated Total Income of ₹ 35.58 Cr against ₹ 14.64 crore in Q2 FY24. EBITDA of ₹ 10.58 Cr against ₹ 4.47 Cr in Q2 FY24. Net Profit of ₹ 1.40 Cr against ₹ 2.10 Cr in Q2 FY24. EPS [...]
Dinesh Kumar Verified Public Figure • 25 Apr, 2026Author
Nov 18, 2024 • 2:35 PM 0
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“Praveg’s Q2 FY25 Consolidated EBITDA Up 138 Percent”
The company is having total 619 Rooms across 12 operational resorts and one hotel.
Commenting on the results Mr. Vishnu Patel, Chairman, Praveg Limited said, “We are pleased with our strong revenue and operating profit growth, driven by our strategic expansion and commitment to eco-responsible luxury hospitality. Our ongoing expansion efforts have led to higher depreciation and finance costs, which have impacted our profitability in the short term. However, as our operations stabilize, we expect to see improved margins in the coming quarters. We remain on track to achieve our Vision 2028 goal of over 2,500 rooms across 65+ locations, positioning Praveg as a distinguished leader in eco-conscious luxury hospitality.”
Highlights For Q2 FY25
Strategic Acquisitions
Acquired 51% stakes in Abhik Advertising Private Limited and Bidhan Advertising and Marketing Private Limited, issuing 11,698 and 104,076 shares respectively
O&M Contract from TCGL
Secured an O&M contract from Tourism Corporation of Gujarat Limited for the operation, maintenance, and management of 30 Bhungas, adding to 46 existing tents in Dhordo, Gujarat
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