Praxis Home Retail Ltd Q3 FY24 loss at Rs. 18.54 crores

Praxis Home Retail Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 64.3511 crores during the period ended December 31, 2023 as compared to Rs. 63.4957 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. -18.5463 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. -13.7922 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. -1.48 for the period ended December 31, 2023 as compared to Rs. -1.10 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 64.3511 crs	₹63.4957 crs	1.35%
Net Profit	₹-18.5463 crs	₹-13.7922 crs	34.47%
EPS	₹-1.48	₹-1.10	34.55%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 64.3511 crores during the period ended December 31, 2023 as compared to Rs.106.3752 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-18.5463 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.-6.5548 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.-1.48 for the period ended December 31, 2023 as compared to Rs.-0.84 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 64.3511 crs	₹106.3752 crs	-39.51%
Net Profit	₹-18.5463 crs	₹-6.5548 crs	182.94%
EPS	₹-1.48	₹-0.84	76.19%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.178.4799 crores during the 9 Months period ended December 31, 2023 as compared to Rs.319.6302 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-52.1983 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.-8.4415 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.-5.19 for the 9 Months period ended December 31, 2023 as compared to Rs.-1.08 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹178.4799 crs	₹319.6302 crs	-44.16%
Net Profit	₹-52.1983 crs	₹-8.4415 crs	518.35%
EPS	₹-5.19	₹-1.08	380.56%

Shares of Praxis Home Retail Limited was last trading in BSE at Rs. 26.15 as compared to the previous close of Rs. 26.99. The total number of shares traded during the day was 27976 in over 38 trades.

The stock hit an intraday high of Rs. 26.99 and intraday low of 25.65. The net turnover during the day was Rs. 737878.00.

Source : Equity Bulls

Keywords

PraxisHomeRetail Q3FY24 9MFY24 ResultUpdate