Praveg Ltd — Updates, 14-08-2025: Company Update

Praveg Limited shared its Q1 FY26 financial results, reporting a 61.5% surge in consolidated total income to ₹39.86 Cr. Despite this growth, EBITDA saw a dip to ₹6.22 Cr, resulting in a net loss of ₹5.75 Cr. Management noted seasonal impacts on newly launched properties like Jawai and Kachigam, which are currently in brand-building phases with high fixed costs, but are expected to be strong future revenue drivers. Operationally, the Bangaram unit was handed over to IHCL's SeleQtions brand. Praveg continues its expansion, targeting over 2,000 rooms across 50+ locations by 2028, reinforcing its long-term growth in eco-luxury hospitality.