PNN Mumbai (Maharashtra) [India], August 12: Praveg Limited(BSE - 531637), India's leading eco-responsible luxury resorts company, reported its Unaudited Financial Results for the Q1 FY25. Key Financial Highlights * Consolidated Key Financial Highlights Q1 FY25 * Total Income of Rs 24.68 Cr, YoY growth of 98.
34 % * EBITDA of Rs 7.62 Cr * EBITDA Margin of 30.88% * PAT of Rs 0.
76 Cr * PAT Margin of 3.09% * EPS of Rs 0.30 Key Operation Highlights * Hospitalities segment's Revenue contributed Rs 21.
42 Cr (Rs 6.41 Cr) in Q1 FY25 * Event & Exhibition's Revenue segment contributed Rs 1.98 Cr (Rs 5.
56 Cr) in Q1 FY25 * The company is having total 619 Rooms across 12 operational resorts and one hotel. Commenting on the results Vishnu Patel, Chairman, Praveg Limited said, "During Q1 FY25, our hospitality business made significant strides with an expansion from 4 operating units in Q1 FY24 to 13 operating sites. This substantial increase led to higher depreciation, manpower, and operating costs, yet we achieved an impressive top line growth of around 100% compared to the same quarter last year.
Despite these advancements, we faced an increase in finance costs, totalling Rs 1.58 Cr. This includes a notional interest cost of Rs 1.
53 Cr debited to the profit and loss account due to compliance with IND AS 116 on leases. Without this mandatory accounting adjustment, our profit would have been approximately Rs 1.20 Cr higher.
The traditionally slower Q1 period for the hotel industry did not de.