Quarterly Result8 Aug 2025, 03:56 pm
Prithvi Exchange Reports 18.66% Increase in Q1 Revenue Despite Global Tensions and Delayed Visa Approvals
AI Summary
Prithvi Exchange (India) Limited, a well-known brand in the field of Foreign Exchange, announced its Q1 (FY 2025-2026) results on Friday, August 08, 2025. The company reported a standalone net profit of Rs. 151.46 crores for the quarter ended 30th June, 2025, an increase of 18.66% compared to the previous quarter. However, the quarter was marked by global tensions, safety concerns, and delayed visa approvals, which affected the footfall at their branches and demand for personal travel forex products. The company is confident of returning to growth cycles in the upcoming quarters.
Key Highlights
- Prithvi Exchange reported a 18.66% increase in revenue for Q1 (FY 2025-2026)
- The quarter was marked by global tensions and delayed visa approvals, affecting footfall and demand for forex products
- The company was successfully empanelled with State Bank of India for their forex requirements
- Prithvi Exchange is pursuing other business allowed by RBI to improve business performance
- The company is confident of returning to growth cycles in the upcoming quarters