Net profit of Praveg declined 68.28% to Rs 1.64 crore in the quarter ended March 2024 as against Rs 5.17 crore during the previous quarter ended March 2023. Sales rose 73.72% to Rs 32.52 crore in the quarter ended March 2024 as against Rs 18.72 crore during the previous quarter ended March 2023.For the full year,net profit declined 54.27% to Rs 13.00 crore in the year ended March 2024 as against Rs 28.43 crore during the previous year ended March 2023. Sales rose 8.43% to Rs 91.60 crore in the year ended March 2024 as against Rs 84.48 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales32.5218.72 74 91.6084.48 8 OPM %26.1151.50 -31.8653.17 - PBDT7.819.68 -19 29.7544.61 -33 PBT6.467.42 -13 19.0738.52 -50 NP1.645.17 -68 13.0028.43 -54 Powered by Capital Market - Live News

Praveg announced that the Board of Directors of the Company at its meeting held on 27 May 2024, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 10%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Praveg will hold a meeting of the Board of Directors of the Company on 27 May 2024Powered by Capital Market - Live News

Praveg announced the acquisition of a new land lease for the development of Cave Resort in Jawai, Rajasthan. This new project will leverage the scenic beauty of Jawai with a one-of-a-kind luxury cave room structure.Located in the scenic area of Jawai, Rajasthan, the new resort is on a lease term of 30 years. Praveg has been granted a 12-month rent-free period to facilitate the setup. The resort will feature a total of 20 units, including 12 luxury cave-type rooms and 8 elegant tents. Additional amenities include a swimming pool, a restaurant, and a bar, alongside offering unique safari experiences. This acquisition is a pivotal moment in Praveg`s growth strategy, signaling the commencement of a distinctive resort development featuring luxurious cave rooms. Powered by Capital Market - Live News

Praveg announced the opening of Praveg Beach Resort at NagoaBeach, Diu. The company said, This marks a pivotal achievement in our vision to deliver unmatched luxury and hospitality experiences. Announced in October last year, this project was rapidly brought to life, commencing operations within just six months - an impressive testament to our efficiency and dedication.Powered by Capital Market - Live News