BSECompany Update8 Aug 2026 · 8 Aug 2026, 01:49 pm
Press Release attached
Prithvi Exchange (India) Ltd · 531688
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Prithvi Exchange (India) Ltd reported Q1 FY2026-27 financial results with a 28.9% year-on-year growth in total revenue to ₹1,10,471.85 lakh and a net profit of ₹70.90 lakh, compared to a net loss of ₹36.62 lakh in Q4 FY26.
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Prithvi Exchange (India) Ltd - 531688 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 08, 2026
BSE Limited
Corporate Relationship Department
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001
Scrip code: 531688
Dear Sir/Ma’am,
Ref: Disclosure under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”).
Subject: Press Release
With reference to the SEBI Listing Regulations, the copy of Press Release for financial results for 1st
quarter ended June 30, 2026 is enclosed for reference.
This is for your information and records.
Thanking you.
Yours faithfully,
For Prithvi Exchange (India) Limited
Harsh Shantilal
Company Secretary & Compliance Officer
ACS: 75415
Foreign Currencies I Forex Cards I Remittances Abroad
Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.
E-Mail : info@prithvifx.com I www.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931
BSE: 533168| SECTOR: Financial services (Foreign exchange)
Press Release | Q1 of FY 2026-2027
Performance for the 1st quarter ended June 30, 2026
Chennai, August 08, 2026: Prithvi Exchange (India) Limited, one of the vibrant and trusted brands widely
recognised in the field of Foreign Exchange, announced its financial results for the quarter ended June 30,
2026.
Financial Performance
Standalone Financial Highlights:
(₹ in lakhs)
Performance 3 months ended 3 months ended 3 months ended FY ended
indicators June 30, 2026 March 31, 2026 June 30, 2025 March 31, 2026
Total Revenue 1,10,471.85 94,127.29 85,660.94 3,73,263.49
Net profit for the
period before 94.90 25.10 151.46 428.27
exceptional items & tax
Net profit for the
70.90 (36.62) 113.46 271.55
period
Q1 of FY2026-27 Performance
• The Company reported Total Revenue of ₹1,10,471.85 lakh, registering a 28.9% year-on-year growth
compared to ₹85,660.94 lakh in the corresponding quarter of the previous year and a 17.4% sequential
growth over ₹94,127.29 lakh reported in the quarter ended March 31, 2026.
• Profit before Exceptional Items and Tax stood at ₹94.90 lakh, compared to ₹25.10 lakh in the
preceding quarter. The Company also reported a Net Profit of ₹70.90 lakh, compared to a net loss of
₹36.62 lakh in Q4 FY26, reflecting a return to profitability.
The operating environment during the first quarter of FY27 remained highly volatile, with the travel and
foreign exchange industry experiencing severe headwinds arising from geopolitical developments in middle
east in addition to higher aviation fuel prices and airspace disruptions. According to ICRA, international
passenger traffic witnessed pressure and 18% year-on-year decline during the quarter due to disruption of
several international routes & operations.
Foreign Currencies I Forex Cards I Remittances Abroad
Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.
E-Mail : info@prithvifx.com I www.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931
The Reserve Bank of India (RBI) also reported moderation in travel-related outward remittances under
the Liberalised Remittance Scheme (LRS). Travel remittances declined from US$1.271 billion in April
2025 to US$1.160 billion in April 2026, representing a year-on-year decline of 8.7%. Similarly, travel
remittances stood at US$1.280 billion in May 2026, compared with US$1.380 billion in May 2025, a
7.2% year-on-year decline. Despite these temporary headwinds, travel continued to remain the largest
category under the LRS, reflecting the continued structural demand for international travel and foreign
exchange services.
Management Comment:
Commenting on the annual results, Mr Pavan Kumar Kavad, Managing Director said: “
“The first quarter of FY27 presented a challenging macroeconomic environment for the travel and
foreign exchange industry, with geopolitical developments impacting international travel
significantly. Despite these conditions, the Company achieved positive growth over the corresponding
period, outperforming the broader market trend and strengthening its competitive position and
delivered strong revenue growth and returned to profitability on a sequential basis. We remain
committed to maintaining operational discipline, enhancing customer service and creating
sustainable long-term value for our stakeholders”
Un-audited Financial Results for the 1st quarter ended June 30, 2026 are available in the Investor
Relations section of our website https://prithvifx.com/investor-relation/
About Prithvi Exchange (India) Limited
Prithvi Exchange (India) Ltd is a Reserve Bank of India (RBI) licensed, Authorized Dealer Category
II. Over the last 31 years, Prithvi Exchange has emerged as a vibrant and trusted brand and that is
widely recognized in the field of Foreign Exchange.
Prithvi Exchange’s geographic footprint is strategically placed in 25 key cities with 38 branches across
India. Plans are afloat to expand its network to other cities and foreign countries as well shortly. With
an experienced team of industry stalwarts and backed by cutting edge technological platform, we take
pride in extending superior experience to Leisure and Business Travelers, Students and others
travelling overseas for their foreign exchange requirements.
Foreign Currencies I Forex Cards I Remittances Abroad
Gee Gee Universal, 2nd Floor, Door No. 2, Mc. Nichols Road, Chetpet, Chennai - 600 031, Tamil Nadu.
E-Mail : info@prithvifx.com I www.prithvifx.com I Tel : 044 - 43434250 I CIN : L30006TN1995PLC031931