Praxis Home Retail Q3 results, auditor disclaims conclusion
PRAXIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Praxis Home Retail Q3 FY26 revenue fell 23 percent YoY to Rs 2,620 lakh. Pre-exceptional loss was Rs 1,589 lakh; a Rs 9,540 lakh one-time gain from related-party debt waiver made PBT positive at Rs 8,104 lakh. Nine-month cash loss was Rs 1,212 lakh and other equity is negative at Rs 12,910 lakh. Auditor disclaimed its conclusion citing material uncertainties, including a Rs 10,100 lakh deposit with Future Enterprises under IBC and going concern doubts. New CEO Shashwat Nigam appointed from Feb 3, 2026.
Auditor disclaimer and cash losses flag serious going concern risk. Profit relies on one-time debt waiver, not operations. Multiple NCLT claims pending.