Praveg Q1 FY27 Results (NSE: PRAVEG)
Signal: Loss widened
The read
The key inflection is negative operating conversion: consolidated revenue grew 16.8% YoY to ₹46.01 crore, but EBITDA fell 37.3% to ₹3.9 crore, EBIT loss widened to ₹9.09 crore and PAT loss more than doubled to ₹13.52 crore; the subsidiary-led revenue contribution is not yet translating into group profitability.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹46.01 Cr | 16.8% | N/A |
| EBIT | ₹-9.09 Cr | -183.2% | |
| Net profit | ₹-13.52 Cr | -120.2% | |
| EPS | ₹-5.06 | -115.3% | |
| EBIT margin | 8.5% |
P&L walk
Consolidated revenue rose to ₹46.01 crore, up 16.8% YoY, but EBITDA declined 37.3% to ₹3.9 crore and EBITDA margin was 8.5%; EBIT deteriorated from a ₹3.21 crore loss to a ₹9.09 crore loss, driving PAT from a ₹6.14 crore loss to a ₹13.52 crore loss.
Segments
The consolidated group is materially stronger than the parent: consolidated revenue grew 16.8% YoY to ₹46.01 crore and EBITDA was positive at ₹3.9 crore, versus standalone revenue growth of 1.4% to ₹29.67 crore and EBITDA loss of ₹2.62 crore.
Key positives
- Consolidated revenue reached ₹46.01 crore, up 16.8% YoY, materially ahead of standalone revenue growth of 1.4%, indicating stronger contribution from subsidiaries or non-parent operations.
- Consolidated EBITDA remained positive at ₹3.9 crore with an 8.5% margin, despite the standalone parent reporting EBITDA loss of ₹2.62 crore and a -8.8% margin.
Key concerns
- EBITDA fell 37.3% YoY to ₹3.9 crore even as revenue grew 16.8%, indicating weaker operating conversion and no demonstrated margin trajectory.
- Consolidated EBIT loss widened from ₹3.21 crore to ₹9.09 crore and PAT loss widened from ₹6.14 crore to ₹13.52 crore, showing that positive EBITDA is insufficient to cover below-EBIT charges.
- Standalone revenue grew only 1.4% to ₹29.67 crore while standalone EBITDA was negative at ₹2.62 crore, highlighting dependence on subsidiary-level performance.
Research and educational content only. Not investment advice.