Praveg Ltd

- For funding the expansion from 200 rooms to 1000 rooms, Praveg Limited has already acquired funds for 15 resorts. - For the additional 21 resorts, funding is needed for six resorts. - The company plans to source the required funds for these six resorts primarily from the promoter group, if needed. - There was no specific mention of raising funds through public equity or debt markets in the provided transcript. - The focus appears to be on internal or promoter funding to support near-term resort expansion.

- Praveg has acquired funds for 15 resorts; funding for 6 more resorts is planned, potentially through promoter group investment. - The company is focused on expanding from 200 rooms to 1000 rooms by FY 2025. - Land acquisitions are ongoing, including a significant parcel of around 50,000 sq.m. at Vela Madar for developing luxury wildlife resorts. - New resorts are being developed across strategic locations including Dholavira, Vaitarna, Udaipur, Jawai, Velavadar, and others with a combined capacity of over 320 rooms. - The acquisition of five-star hotels (Eulogia SB Road and Grand Eulogia in Ahmedabad) is part of the strategic investment for manpower and business synergy. - The company aims to maintain a light asset model, focusing on long-term leases and PPP models with selective direct ownership. - Capex involves semi-permanent to permanent structures costing INR 40 lakhs to 1 crore per room. - ERP and administrative upgrades are part of ongoing investments for operational efficiency.

- Praveg aims to operate 50-60 resorts by 2028, expanding from current numbers. - Target occupancy for 19-20 resorts by March FY'25 is around 50%, with some variation expected. - EBITDA margin expected above 15-20% for new projects, though FY'24 margins may be stressed due to overheads. - Expansion plan includes increasing rooms from 200 to 1,000, with funding partly from promoters. - Events and exhibition business is being scaled strategically; current focus on tenders and government projects with an emphasis on opportunities yielding good EBITDA margins. - Seasonal trends: better business expected in Q3 and Q4; new tent city resorts aim for full-year operations. - Long term strategy includes 40% owned resorts, balance in PPP or leased models, aiming to diversify geographically with no more than 20% of resorts in any single state. - Optimism for revenue growth fueled by hospitality projects and events business expansion despite recent income dip.

- Praveg aims to operationalize 19-20 resorts by March FY25, targeting an average occupancy of around 50%. - EBITDA margin for FY25 is expected to improve but FY24 margins may be stressed due to extraordinary overheads on existing resorts. - Plans to increase total resorts to 50-60 by 2028, with 25-40% owned resorts and 40% on private land, supporting sustainable growth. - Significant capital expenditures have led to a 68.5% YoY rise in depreciation/amortization in Q2 FY24, impacting short-term profits. - Overhead costs will be absorbed as resort count reaches 15-20, improving profitability metrics thereafter. - Strategic expansion in events, exhibitions, and hospitality sectors are expected to create synergy and drive future earnings. - Recruitment to strengthen the professional team is underway, aimed at operational and financial performance enhancement. - Overall, management expresses optimism for sustained growth and profitability improvements in H2 FY24 and beyond.

- Praveg Limited has received work orders for the development, operation, and management of Tent City resorts at multiple locations including Kihim (Maharashtra), Kachigam, Daman, Tent City, and Nagoa Beach, Diu. - Upcoming resort projects include Ghoghla Beach, Ayodhya, Velavadar, Udaipur, Jawai, Adalaj, Nagoa Beach, Kachigam, Daman, Tent City Maharashtra, and Ranthambore, with a combined room capacity exceeding 320 rooms. - Currently, operations have started at TentCity Chakratirth Beach in Diu and TentCity Jampore Beach in Daman since August. - They have plans of managing 19 to 20 resorts by March FY 2025, expanding room capacity from 200 to 1,000 rooms. - For 15 resorts, funding is already acquired; promoter group investment is planned for funding six more resorts. - The tender department actively applies for government tenders across India, aiming for reasonable EBITDA margins before executing projects.