Prithvi Exchange Reports Strong Q1 FY26-27 Results; Achieves Profitability Return Amid Market Volatility

Prithvi Exchange Reports Strong Q1 FY26-27 Results; Achieves Profitability Return Amid Market Volatility​

Chennai: Prithvi Exchange (India) Limited, a recognized brand in the foreign exchange industry, announced its financial results for the first quarter ended June 30, 2026. Despite a challenging operating environment marked by geopolitical tensions and increased aviation fuel costs, the company achieved significant revenue growth and returned to profitability on a sequential basis.

The Q1 FY2026-27 performance showcased robust top-line growth. Total Revenue reached ₹1,10,471.85 lakh, marking a 28.9% year-on-year increase compared to the ₹85,660.94 lakh recorded in the corresponding quarter of the previous year. Sequentially, revenue grew by 17.4% from the ₹94,127.29 lakh reported in the quarter ended March 31, 2026.

Prithvi Exchange saw a marked improvement in profitability. Profit before Exceptional Items and Tax stood at ₹94.90 lakh, showing an increase over the ₹25.10 lakh recorded in the preceding quarter. The company also reported a Net Profit of ₹70.90 lakh in Q1 FY26-27, successfully reversing the net loss of ₹36.62 lakh incurred during Q4 FY26.

Financial Highlights and Market Trends​

The company's consolidated performance across various periods is detailed below:


The operational landscape during Q1 FY27 was highly volatile, affected by severe headwinds in the travel and foreign exchange sectors. These challenges include geopolitical developments in the Middle East, higher aviation fuel prices, and airspace disruptions. Industry reports noted that international passenger traffic experienced an 18% year-on-year decline due to route operational disruptions.

The Reserve Bank of India (RBI) also observed a moderation in travel-related outward remittances under the Liberalised Remittance Scheme (LRS). Travel remittances decreased from US$1.271 billion in April 2025 to US$1.160 billion in April 2026, representing an 8.7% year-on-year decline. In May 2026, travel remittances were at US$1.280 billion, down from US$1.380 billion in May 2025, a 7.2% decline. Despite these temporary downturns, international travel remains the largest category under the LRS, indicating sustained structural demand for foreign exchange services.

Management Perspective​

Mr Pavan Kumar Kavad, Managing Director, commented on the results, stating that Q1 FY27 presented a challenging macroeconomic environment for the sector, with geopolitical developments significantly impacting international travel. Despite these circumstances, the company achieved positive growth over the corresponding period, strengthening its competitive position and delivering strong revenue growth while returning to sequential profitability. He added that the company remains committed to maintaining operational discipline, enhancing customer service, and creating sustainable long-term value for stakeholders.

Company Overview​

Prithvi Exchange (India) Ltd is an RBI licensed Authorized Dealer Category II. The company has established a presence in 25 key cities across India through 38 branches. Prithvi Exchange serves Leisure and Business Travelers, Students, and other individuals requiring foreign exchange services, supported by its experienced team and cutting-edge technological platform.

Stock Price Movement​

Prithvi Exchange (India) Ltd shares settled at ₹106.57 on Friday, edging higher by +1.91% in the close. The stock demonstrated significant intraday movement, trading between a low of ₹101.00 and an intra-day high of ₹109.95.