Advertising & Media company Praveg announced Q1FY25 results: Total Income of Rs 24.68 crore, YoY growth of 98.34 % EBITDA of Rs 7.62 crore EBITDA Margin of 30.88% PAT of Rs 0.76 crore PAT Margin of 3.09% EPS of Rs 0.30 Commenting on the results Vishnu Patel, Chairman, Praveg said, “During Q1FY25, our hospitality business made significant strides with an expansion from 4 operating units in Q1FY24 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 crore. This includes a notional interest cost of Rs 1.53 crore 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 crore higher. The traditionally slower Q1 period for the hotel industry did not deter our progress. Our strategic investments and focus on delivering exceptional guest experiences contributed to significant revenue growth. The expansion of our operations is a testament to our commitment to long-term growth and excellence in the industry, with 13 managed properties currently operational and 14 more in development. Moreover, we are encouraged by the government’s recent support for the tourism and hospitality sector. The Interim Budget’s allocation of Rs 2,479.62 crore, 46.54% increase from the previous year emphasizes the importance of developing and maintaining tourist infrastructure. This enhanced support, combined with our expanding portfolio and innovative offerings, positions us well to capitalize on the growing demand for premium, sustainable travel experiences and further solidify our market leadership.” Result PDF