Synopsis: The stock gained after securing a major government mandate to execute a national march, strengthening its position in high-value event projects. Despite mixed quarterly results, recent contract wins, expanding hospitality assets, and a broad client base highlight strong operational capabilities and support expectations of improved future performance.
The shares of the prominent hospitality service provider gained up to 3 percent in today’s trading session after the company secured a significant letter of award from the Government of Gujarat worth Rs 9.95 crore.
With a market capitalization of Rs 799.77 crore, the shares of Praveg Ltd were trading at Rs 305.95 per share, increasing around 2.05 percent as compared to the previous closing price of Rs 299.80 apiece.
Letter of Award
The shares of Praveg Ltd have seen positive movement after securing a domestic event-management contract from the Gujarat Government’s Sports, Youth Service and Cultural Activities Department for the Sardar Patel @150th Unity March Pad Yatra. The one-time project, running from November 25 to December 6, 2025, is valued at Rs 9.96 crore plus GST.
Further, Praveg Ltd also covers extensive on-ground execution, including setting up Swagat and Sardar Sabha platforms, constructing performance stages, and deploying a dedicated management team for the Pad Yatra. The scope also includes branding installations, communication setup, transportation, logistics, and overall operational coordination to ensure smooth event delivery.
Speaking on the occasion, Dr CA Vishnu Patel, Chairman of Praveg Limited, said, “We are truly honoured to receive this prestigious mandate from the Government of Gujarat. Praveg ha historically been a strong performer in the Events & Exhibitions segment and has successfully delivered several landmark projects over the years. Over the last two years, the Company strategically concentrated on expanding the Hospitality segment, which resulted in exceptional growth and positioned Praveg as a leading eco-responsible luxury hospitality brand in India. During this phase, the Events & Exhibitions segment did not receive equal attention, as our management and resources were extensively engaged in developing and scaling hospitality Operations.
Financial & Operational Highlights
The company reported mixed results, with revenue rising 19% from Rs 31.44 crore in Q2FY25 to Rs 37.50 crore in Q2FY26, reflecting stronger operational activity. However, profitability weakened sharply, as the net profit of Rs 1.41 crore in the previous year turned into a steep net loss of Rs 9.22 crore, indicating significant cost pressures or one-off impacts.
Recently, the company has secured a prestigious government contract to manage World Lion Day 2025 in Dwarka, Gujarat. The project covers venue design, VIP arrangements, audiovisual systems, branding, logistics, and guest management. With an event value of Rs 3.99 crore and expected attendance of over 8,000 people, it reinforces the company’s expertise in large-scale, protocol-driven events.
Further, the company has a strong operational footprint with 150+ clients, presence across 2 Union Territories and 3 states, and management of 17 resorts, including a 5-star property. Its portfolio spans 827+ rooms, 577+ planned rooms and organised 2,000+ exhibitions, and 1,000+ events, along with 11 new destinations and 10.6 lakh+ meals served, reflecting wide-scale capabilities and expanding reach.
Praveg is a diversified hospitality and event management company known for delivering high-quality resorts, experiential stays, and large-scale government and corporate events. With a growing portfolio of properties and strong execution capabilities, it blends innovation, design, and operational excellence to create impactful experiences while steadily expanding its presence across key destinations in India.
Written by Abhishek Singh
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