Praxis Home Retail Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PRAXIS · price
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Praxis Home Retail Limited reported a net loss of Rs 6,661.49 lakhs for FY26, compared to a loss of Rs 3,497.85 lakhs in FY25. Revenue from operations declined by 19.6% to Rs 9,566.21 lakhs from Rs 11,896.96 lakhs. The company recorded exceptional items of Rs 10,100 lakhs as full ECL provision on security deposit from Future Enterprises Limited (FEL), which is under IBC proceedings. The statutory auditor issued an unmodified opinion but specifically highlighted material uncertainty regarding going concern, citing cash losses of Rs 4,058.31 lakhs, negative net worth, and current liabilities exceeding current assets by Rs 5,994.33 lakhs. The company also received an insolvency notice from an operational creditor. The board declared no dividend.
The stock is under severe financial stress with mounting losses, negative equity, and auditor warnings about ability to continue as going concern. Shareholders face high risk as the company struggles with liquidity crunch and multiple litigation claims. The recent rights issue proceeds have been deployed but have not restored financial stability.