Prithvi Exchange (India) Limited has posted a strong financial performance for the first quarter of FY 2025–26, reporting an 18.66 per cent quarter-on-quarter revenue increase.
The company’s total revenue for the quarter ended June 30, 2025, stood at Rs 852.90 crore, up from Rs 718.76 crore in the previous quarter.
Net profit rose to Rs 1.13 crore, a significant improvement from Rs 9.49 lakh in Q4 FY 2024–25.
Prithvi Exchange credited part of this growth to its successful empanelment with the State Bank of India, enabling it to cater to forex requirements across SBI branches nationwide after a competitive bidding process.
According to Pavan Kumar Kavad, Managing Director, Prithvi Exchange, the April–June period is traditionally one of the busiest for the retail segment, driven by outbound holiday travel.
However, mid-quarter performance was affected by global geopolitical tensions, including the India–Pakistan and Israel–Iran conflicts, which led to lower branch footfalls and weaker demand for personal travel forex products such as walk-in foreign currencies and prepaid cards.
The company also pointed to a reduction in the Hajj quota for pilgrims, delays in student visa approvals, and broader economic concerns as factors that tempered demand.
Nevertheless, management expressed confidence in returning to a stronger growth trajectory once these conditions improve.
Prithvi Exchange is also exploring additional RBI-approved revenue streams, including crew wages and visa fee payment services, as part of its strategy to diversify and strengthen business performance in future quarters.
Founded over three decades ago, Prithvi Exchange operates in 25 key cities across India, with expansion plans for both domestic and international markets.
The company serves leisure and business travellers, students, and others requiring foreign exchange services, leveraging a technology-driven platform and an experienced team to deliver seamless customer experience.
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