Praxis Home Retail Ltd Q2 FY24 loss reduces QoQ to Rs. 13.79 crores

Praxis Home Retail Limited has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 63.4957 crores during the period ended September 30, 2023 as compared to Rs. 50.6331 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -13.7922 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -19.8599 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -1.08 for the period ended September 30, 2023 as compared to Rs. -2.45 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 63.4957 crs	₹50.6331 crs	25.40%
Net Profit	₹-13.7922 crs	₹-19.8599 crs	30.55%
EPS	₹-1.08	₹-2.45	55.92%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 63.4957 crores during the period ended September 30, 2023 as compared to Rs.107.2756 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-13.7922 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.2.5074 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-1.08 for the period ended September 30, 2023 as compared to Rs.0.32 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 63.4957 crs	₹107.2756 crs	-40.81%
Net Profit	₹-13.7922 crs	₹2.5074 crs	-650.06%
EPS	₹-1.08	₹0.32	-437.50%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.114.1288 crores during the 6 Months period ended September 30, 2023 as compared to Rs.213.2550 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-33.6521 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-1.8868 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-3.22 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.24 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹114.1288 crs	₹213.2550 crs	-46.48%
Net Profit	₹-33.6521 crs	₹-1.8868 crs	1,683.55%
EPS	₹-3.22	₹-0.24	1,241.67%

Shares of Praxis Home Retail Limited was last trading in BSE at Rs. 31.18 as compared to the previous close of Rs. 31.81. The total number of shares traded during the day was 46674 in over 21 trades.

The stock hit an intraday high of Rs. 31.85 and intraday low of 31.18. The net turnover during the day was Rs. 1472087.00.

Source : Equity Bulls

Keywords

PraxisHomeRetail Q2FY24 H1FY24 ResultUpdate