Praveg reports H1 FY26 net loss amid expansion costs, seasonal closures

Praveg Limited announced its H1 FY26 results, reporting a consolidated net loss of INR14.97 crores, compared to a consolidated EBITDA of INR10.17 crores. Total income for the first half grew by 28.94% to INR77.71 crores. Depreciation for the half-year stood at INR15.98 crores, reflecting an expanded operating base.

The company's profitability was affected by higher operating costs at newly launched properties, the temporary closure of four seasonal resorts during Q2 due to adverse weather, and fixed lease commitments under the PPP model. Despite the H1 challenges, Praveg remains optimistic for the second half, traditionally stronger for the Indian tourism and hospitality sector, driven by festive seasons, winter holidays, and corporate events.

Praveg expanded its operations to over 825 rooms across 17 resorts and 1 hotel and officially commenced operations at Praveg Adalaj Theme Park on September 25, 2025. The hospitality and event segment contributed INR26.29 crores, while the advertising segment added INR11.21 crores in H1 FY26. The company anticipates improved profitability in H2 as seasonal properties reopen and newer properties gain traction.