Advertising & Media company Praveg announced Q3FY24 results:<br><br>• Total Income of Rs34 crore.<br>• EBITDA of Rs13 crore.<br>• EBITDA margin at 39%.<br>• Net Profit of Rs8 crore.<br>• Net profit margin at 24%.<br>• EPS (Diluted) of Rs3.55.<br><br>Commenting on the results, Chairman Vishnu Patel said, "The operational resorts are gaining significant traction across all locations. Anticipation is high for forthcoming resorts to become operational in the next 6 months, with expectations of increased occupancy and interest. Our exhibition business has made a substantial contribution to total revenues, with promising inquiries received, indicating positive prospects ahead. The exceptional on-ground professional team has played a pivotal role in accelerating our growth, efficiently overseeing resort development and management, ensuring a swift pace in delivering luxurious experiences to our customers. These collective efforts are poised to yield positive outcomes for our overall performance this year.<br><br>Looking ahead, we project our operational resorts to achieve occupancy rates of 45% to 50% in the upcoming quarter, accompanied by an average daily room rate (ADR) of Rs 9,000 to 10,500. Our ongoing commitment to nurturing our Hospitality Business remains steadfast, complemented by anticipated growth in our Events and Exhibition sector, promising to elevate our overall operations to new levels of success."<br><br>Result PDF