Announced Fri, 18 Sept · 17:02 IST
Praxis Home Retail Q1 FY27 results re-filed; going concern flagged
Going ConcernEmphasis Of MatterExceptional ItemRelated Party TransactionsContingent Liabilities IncreasedPat NegativeResults View source PDFExplain this filing
PRAXIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹4.08
prior close
₹4.23
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.1+0.5+0.7-0.7——————————
Up moveDown movePending
AI summary
Praxis Home Retail re-submitted Q1FY27 results in machine-readable format as directed by NSE. Revenue rose 13% YoY to Rs 2,660 lakhs; net loss narrowed to Rs 1,106 lakhs from Rs 1,647 lakhs. However, auditor flagged material going concern doubt due to cash loss of Rs 895 lakhs, negative net worth of Rs 8,818 lakhs, and current liabilities exceeding current assets by Rs 6,911 lakhs. Company faces insolvency notice and multiple contingent liabilities.
Likely market impact
Serious financial distress with negative net worth, going concern doubt and insolvency notice. High risk for shareholders.