Praxis Home Retail Ltd swings to profit in Q2FY22

Praxis Home Retail Limited has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 134.3335 crores during the period ended September 30, 2021 as compared to Rs. 70.4654 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 6.7713 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. -4.8929 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 2.14 for the period ended September 30, 2021 as compared to Rs. -1.58 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 134.3335 crs	₹70.4654 crs	90.64%
Net Profit	₹6.7713 crs	₹-4.8929 crs	238.39%
EPS	₹2.14	₹-1.58	235.44%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 134.3335 crores during the period ended September 30, 2021 as compared to Rs.89.3986 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.6.7713 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.-34.7488 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.14 for the period ended September 30, 2021 as compared to Rs.-12.57 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 134.3335 crs	₹89.3986 crs	50.26%
Net Profit	₹6.7713 crs	₹-34.7488 crs	119.49%
EPS	₹2.14	₹-12.57	117.02%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.204.7990 crores during the 6 Months period ended September 30, 2021 as compared to Rs.120.0155 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1.8783 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.-73.5938 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.0.52 for the 6 Months period ended September 30, 2021 as compared to Rs.-26.63 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹204.7990 crs	₹120.0155 crs	70.64%
Net Profit	₹1.8783 crs	₹-73.5938 crs	102.55%
EPS	₹0.52	₹-26.63	101.95%

Shares of Praxis Home Retail Limited was last trading in BSE at Rs. 33.45 as compared to the previous close of Rs. 31.90. The total number of shares traded during the day was 44464 in over 73 trades.

The stock hit an intraday high of Rs. 33.45 and intraday low of 30.35. The net turnover during the day was Rs. 1433280.00.

Source : Equity Bulls

Keywords

PraxisHomeRetail Q2FY22 H1FY22 ResultUpdate