Praveg Limited , a leading player in the eco-responsible luxury hospitality sector, has reported a significant revenue growth of 28.94% to INR 77.71 crores in the first half of fiscal year 2026 (H1 FY26). This growth comes as the company continues its ambitious expansion strategy, now operating over 825 rooms across 17 resorts and 1 hotel.

Financial Performance

Despite the robust top-line growth, Praveg Limited faced profitability challenges, reporting a consolidated net loss of INR 14.97 crores for H1 FY26. The company attributes this loss primarily to higher operating costs associated with newly launched properties and the temporary closure of four seasonal resorts during the second quarter due to adverse weather conditions.

Segment-wise Performance

The company's performance varied across its business segments:

• Hospitality and Event Segment: Contributed INR 26.29 crores
• Advertising Segment: Contributed INR 11.21 crores

Operational Highlights and Future Outlook

Praveg Limited achieved several operational milestones during H1 FY26:

1. Received the Letter of Award for World Lion Day 2025, reinforcing its position in premium government event management.
2. Launched Praveg Adalaj Theme Park on September 25, 2025, marking an important addition to its experiential and event-driven assets.
3. Secured a 35-year tender for 252 additional beds in Kutch, significantly expanding its presence in the region.

The company remains optimistic about its performance in the second half of FY26, traditionally a stronger period for the Indian tourism and hospitality sector. With seasonal properties reopening and newer properties gaining traction, Praveg expects improved operating leverage and profitability.

Strategic Focus

Praveg Limited's long-term strategy centers on:

1. Disciplined expansion
2. Strengthening its eco-luxury positioning
3. Enhancing operational efficiency

The company is also exploring an investor model for future expansions to minimize capex while maintaining growth momentum.

Management Commentary

Bijal Parikh, Finance Director of Praveg Limited, stated, "Our focus has always been to create meaningful, nature-led, eco-responsible luxury experiences for our guests. While the first half showed cost pressures, we remain optimistic about the outlook for the rest of the year."

As Praveg Limited navigates through its expansion phase and seasonal challenges, the company appears poised to capitalize on the rising demand for experiential and sustainable travel in India. However, investors should closely monitor the company's ability to translate its growing operational footprint into sustainable profitability in the coming quarters.

Praveg Limited , a leading player in the eco-responsible luxury hospitality sector, has announced a significant expansion of its presence in Gujarat's tourism landscape. The company has been awarded a Letter of Award (LoA) from the Tourism Corporation of Gujarat Limited for the development of a premium resort at Dhordo, Kutch.

Project Details

The new development will feature:

• 46 luxury tent rooms
• 42 dormitories with a total capacity of 252 beds
• Equivalent to 126 standard rooms

This project comes with a substantial 35-year concession period, providing Praveg with a long-term opportunity to strengthen its foothold in the region.

Strategic Significance

This award marks a notable expansion for Praveg Limited at Dhordo, complementing their existing operations of 30 Bhungas (traditional Kutchi houses) at the location. The company anticipates strong performance from the new resort:

The projected occupancy rates are driven by increasing tourist demand and robust seasonal inflows, particularly during the Rann Utsav.

Market Impact

This development is expected to yield significant strategic and economic benefits for Praveg Limited:

1. Strengthened presence in a globally recognized tourism destination
2. Substantial increase in accommodation capacity for both domestic and international travelers
3. Long-term financial value generation through an asset-light concession model

Moreover, the project aligns with Praveg's commitment to environmentally conscious development and low-impact hospitality solutions.

Management Commentary

Dr. CA Vishnu Patel, Chairman of Praveg Limited, expressed enthusiasm about the award, stating, "We are delighted to receive the Letter of Award for development and operations at Dhordo, a destination of global tourism significance. This award reinforces our expansion strategy and strengthens our presence in Kutch. We are confident that the project will create an exceptional hospitality experience, support regional tourism and generate long-term value for all stakeholders."

Conclusion

This new resort development represents a significant milestone in Praveg's ongoing growth strategy in the eco-responsible hospitality sector. It not only expands the company's portfolio of premium luxury properties across India but also demonstrates its commitment to delivering unique, sustainable, and culturally rooted travel experiences while contributing to the preservation and economic advancement of high-potential tourism destinations.

Investors and industry observers will likely watch closely how this project unfolds and its impact on Praveg Limited's financial performance in the coming years.