Announced Mon, 21 Sept · 13:37 IST
Praxis Q1 loss, auditor flags going concern doubt
Going ConcernEmphasis Of MatterPat NegativeResults RestatedExceptional ItemRelated Party TransactionsResults 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
₹4.21
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+1.2+1.2+0.0——————————
Up moveDown movePending
AI summary
Praxis Home Retail posted Q1 FY27 loss of Rs 1,106.49 lakhs on revenue of Rs 2,660 lakhs. Auditor Singhi and Co flagged material uncertainty on going concern due to cash loss of Rs 894.52 lakhs, negative net worth of Rs 8,818 lakhs, current liabilities exceeding current assets by Rs 6,911 lakhs, and an IBC notice. Company submitted corrected XBRL and legible results after NSE clarification.
Likely market impact
Severe financial distress. Negative net worth, going concern doubts, and IBC notices signal high risk for shareholders and possible stock price pressure.