Prithvi Exchange (India) Ltd Q4 FY25 Results
PRITHVIEXCHQ4 FY25 ResultsAnnounced 24 May 2025, 04:41 pm| Metric | Value (₹ Cr) | vs Q3 FY25 |
|---|---|---|
| Revenue | 721.35 | 0.7% |
| Total Income | 721.87 | 0.7% |
| Expenditure | 721.67 | 0.8% |
| PBT | 0.20 | 78.4% |
| Net Profit | 0.00 | 99.5% |
| OPM | 0.00% | 0.05pp |
| NPM | 0.00% | 0.10pp |
| EPS | 0.00 | 100.0% |
Prithvi Exchange (India) Limited Announces Q4 & FY 2024-2025 Results: 15.27% Decrease in Revenue
29 May 2025 · 29 May 2025, 12:12 pm
Summary
Prithvi Exchange (India) Limited, a well-known brand in the field of Foreign Exchange, announced Q4 & FY 2024-2025 results. The revenue decreased by 15.27% for the FY ended 31st March 2025 as compared to the previous year. The company sees a huge potential for growth due to expansion plans, more countries becoming VISA free, and empanelment with State Bank of India.
Key Highlights
- 1
Launched five new branches in Amritsar, Salt lake area ( Kolkata) , Anand, Kanpur and Surat
- 2
Total count of branches now at 31 across 18 cities in the country
- 3
Further branch expansion in various parts of the country is in the pipeline
- 4
Awarded the Innaugral Enterprise Growth Awards by Deloitte India
Management Comments
Mr Pavan Kumar Kavad
Managing Director
The revenue has decreased 15.27% for the FY ended 31st March 2025 as compared to the previous year ended 31st March 2024. The Business was majorly affected due to the RBIs directive to maintain a ratio of 25:75 for bulk to retail business. The following further contributed for the downfall of profits: i) Cap on international student permits implemented by various European Countries and Canada limiting the number of international students being admitted has been a key area of concern. ii) Reduced spending on International Travel by Indian Travelers due to geopolitical tensions globally. However, going forward, the Company sees a huge potential for growth due to following reasons: i) Expansion plans to add ~ 6-7 branches this year and inducting senior / industry veterans. ii) More and more countries have become VISA free, international tourism to see a boom this year. Company had bid for and successfully has now empaneled with State Bank of India. This provides an opportunity for growth across the country. Further as part of customer centric approach, the company is exploring own issuance of cards which is expected to provide more leverage going forward which can significantly add to its performance.
Informational and educational content only. Not investment advice.