Prithvi Exchange FY26 Net Profit Falls 67% to ₹271.55 Lakh
Prithvi Exchange reported a 66.5% decline in FY26 net profit to ₹271.55 lakh, while Q4 saw a loss of ₹36.62 lakh due to exceptional items. Revenue grew 5.86% annually to ₹3.73 lakh crore. The board recommended a 5% dividend.
*this image is generated using AI for illustrative purposes only.
Prithvi Exchange (India) Limited has released its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a net profit of ₹271.55 lakh for FY26, a decrease of 66.5% from the ₹811.00 lakh recorded in the previous fiscal year. Total revenue from operations for FY26 stood at ₹3,73,089.20 lakh, compared to ₹3,52,472.36 lakh in FY25, registering a growth of approximately 5.86%.
For the quarter ended March 31, 2026, the company reported a net loss of ₹36.62 lakh, compared to a net profit of ₹9.49 lakh in the corresponding quarter of the previous year. Quarterly revenue rose to ₹94,074.82 lakh compared to ₹72,134.74 lakh in Q4 FY25, reflecting a growth of approximately 30.48%. The company attributed the quarterly loss to market conditions, sector-wide volatility, and an exceptional gratuity provision of ₹78.80 lakh due to regulatory changes under the New Labour Code.
Financial Performance
The board of directors recommended a final dividend of ₹0.50 (50 paise) per equity share of ₹10 each, amounting to 5%, for the financial year ended March 31, 2026. The record date for determining eligibility will be announced in due course.
Standalone Financial Results
The following table outlines the key standalone financial metrics for the company:
| Particulars | Year Ended 31.03.2026 (₹ in Lakhs) | Year Ended 31.03.2025 (₹ in Lakhs) |
|---|---|---|
| Total Income | 3,73,263.49 | 3,52,606.95 |
| Total Expenses | 3,72,835.22 | 3,51,511.61 |
| Net Profit for the Year | 271.55 | 811.00 |
| Earnings Per Share (Basic) | 3.29 | 9.83 |
The statutory auditors, M/s Chandarana & Sanklecha, have issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The total equity of the company stood at ₹5,328.37 lakh as of March 31, 2026, compared to ₹4,988.64 lakh in the previous year.
Consolidated Financial Results
On a consolidated basis, the group reported a net profit of ₹262.84 lakh for FY26, down from ₹802.27 lakh in the previous year. Total consolidated revenue from operations was ₹3,73,095.71 lakh. The group's total assets were valued at ₹7,589.95 lakh as of March 31, 2026.
Management Outlook
Commenting on the results, Managing Director Mr. Pavan Kumar Kavadi highlighted the company's resilience amidst geopolitical tensions and currency market volatility. He noted that the foreign exchange industry witnessed increasing demand for compliant technology-enabled solutions. Looking ahead, the company plans to add 5 new branches in the coming financial year and is developing a Platform-as-a-Service (PaaS) solution tailored for the forex industry to drive future growth.
Historical Stock Returns for Prithvi Exchange
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.56% | -0.56% | -8.09% | -5.45% | -41.96% | +476.32% |
How will Prithvi Exchange's planned PaaS solution for the forex industry differentiate itself from existing competitors, and what revenue contribution is expected from this initiative in FY27?
Given the 66.5% decline in net profit despite 5.86% revenue growth, what specific cost optimization strategies is management considering to improve margins in the upcoming fiscal year?
With the company planning to add 5 new branches in FY27, which geographic markets or tier-2/tier-3 cities are being targeted, and how will this expansion be funded given the current low profitability?
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