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Praveg Ltd Q1FY24; 79% fall in Profits

Incorporated in 2016 after the merger of Praveg Communications Limited with Sword and Shield Pharma limited; Praveg Communications (India) Limited is an advertising company with core competence in Exhibition and Event Management. The company is also engaged into providing services to the Hospitality sector, Publications and Real Estate marketing.
The company has set up its branches nationally and internationally.

Financial Results:

Praveg Ltd reported Revenues for Q1FY24 of ₹11.97 Crores down from ₹20.05 Crore year on year, a fall of 40.3%.

Total Expenses for Q1FY24 of ₹10.81 Crores down from ₹12.49 Crores year on year, a fall of 13.45%.

Consolidated Net Profit of ₹1.17 Crores down 79.29% from ₹5.65 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.53, down 82.68% from ₹3.06 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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