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Praxis Home Retail Q2 FY27 results: net loss of ₹12.80 crore vs ₹81.04 crore profit, revenue up 18.0%
Praxis Home Retail Limited reported standalone revenue of ₹25.05 crore in Q2 FY27, up 18.0% from Q2 FY26, but recorded a net loss of ₹12.80 crore as operating losses and finance costs weighed on the result. EBITDA was a loss of ₹3.68 crore and the EBITDA margin was -14.7%, while basic EPS was -₹0.69; the first-half result was a net loss of ₹23.87 crore.
Key points
- Standalone Q2 FY27 revenue was ₹25.05 crore, up ₹3.83 crore or 18.0% from Q2 FY26, but down ₹1.55 crore or 5.8% from Q1 FY27.
- The company reported a net loss of ₹12.80 crore in Q2 FY27, against a net profit of ₹81.04 crore in Q2 FY26 and a net loss of ₹11.06 crore in Q1 FY27.
- EBITDA was a loss of ₹3.68 crore in Q2 FY27, compared with a loss of ₹5.54 crore in Q2 FY26 and a loss of ₹2.01 crore in Q1 FY27; the EBITDA margin was -14.7%.
- Total expenses were ₹39 crore in Q2 FY27, up ₹2.19 crore or 5.9% from Q2 FY26; employee cost rose ₹1.24 crore and finance costs rose ₹0.73 crore.
- H1 FY27 revenue was ₹51.65 crore, up ₹6.93 crore or 15.5% from H1 FY26, while PAT moved to a loss of ₹23.87 crore from a profit of ₹64.57 crore.
How did Praxis Home Retail perform in Q2 FY27?
Praxis Home Retail reported standalone revenue of ₹25.05 crore in Q2 FY27, up ₹3.83 crore or 18.0% from Q2 FY26, when revenue was ₹21.22 crore. Total income was ₹26.19 crore, up ₹3.73 crore or 16.6% from ₹22.46 crore. The quarter covered July–September 2026; no consolidated figures were given.
The company reported an EBITDA loss of ₹3.68 crore in Q2 FY27, compared with an EBITDA loss of ₹5.54 crore in Q2 FY26. The EBITDA margin improved to -14.7% from -26.1%, a change of 11.4 percentage points. Against Q1 FY27, revenue fell ₹1.55 crore or 5.8% from ₹26.60 crore, while the EBITDA loss widened from ₹2.01 crore.
Profit before tax and net profit were both a loss of ₹12.80 crore in Q2 FY27, against a net profit of ₹81.04 crore in Q2 FY26 and a net loss of ₹11.06 crore in Q1 FY27. Basic EPS was -₹0.69, compared with ₹5.24 in Q2 FY26 and -₹0.60 in Q1 FY27. The results are standalone; the filing did not provide consolidated figures.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 25.05 | 26.60 | 21.22 | +18.0% | −5.8% |
| Other income | 1.14 | 1.32 | 1.24 | −8.1% | −13.6% |
| Total expenses | 39 | 38.99 | 36.81 | +5.9% | +0.0% |
| EBITDA | −3.68 | −2.01 | −5.54 | ||
| EBITDA margin | -14.7% | -7.6% | -26.1% | +11.4 pp | −7.1 pp |
| Profit before tax | −12.80 | −11.06 | 81.04 | turned to loss | |
| Tax | 0 | 0 | 0 | ||
| Net profit | −12.80 | −11.06 | 81.04 | turned to loss | |
| EPS (₹) | −0.69 | −0.60 | 5.24 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Praxis Home Retail's costs and profit?
Total expenses increased by ₹2.19 crore, or 5.9%, to ₹39 crore in Q2 FY27 from ₹36.81 crore in Q2 FY26. Employee cost rose ₹1.24 crore or 27.1% to ₹5.82 crore, finance costs rose ₹0.73 crore or 15.0% to ₹5.60 crore, and other expenses fell ₹1.76 crore or 16.4% to ₹8.95 crore. Depreciation fell ₹0.52 crore or 10.0% to ₹4.66 crore; cost of materials was unchanged.
Other income fell ₹0.10 crore or 8.1% to ₹1.14 crore from ₹1.24 crore in Q2 FY26, while tax was unchanged at no tax expense. The Q2 FY26 result included a ₹95.40 crore exceptional gain; Q2 FY27 had no exceptional item. The filing does not state any further reason for the cost movements.
Against Q1 FY27, total expenses were ₹0.01 crore higher at ₹39 crore. Employee cost rose ₹0.25 crore or 4.5% to ₹5.82 crore and other expenses rose ₹1.01 crore or 12.7% to ₹8.95 crore. Finance costs fell ₹0.02 crore or 0.4% to ₹5.60 crore and depreciation fell ₹0.10 crore or 2.1% to ₹4.66 crore, while other income fell ₹0.18 crore or 13.6% to ₹1.14 crore. There was no exceptional item in either quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 5.82 | 4.58 | +1.24 | +27.1% |
| Finance costs | 5.60 | 4.87 | +0.73 | +15.0% |
| Depreciation | 4.66 | 5.18 | −0.52 | −10.0% |
| Other expenses | 8.95 | 10.71 | −1.76 | −16.4% |
| Total expenses | 39 | 36.81 | +2.19 | +5.9% |
| Other income | 1.14 | 1.24 | −0.10 | −8.1% |
| Tax | 0 | 0 | 0 | |
| Exceptional items | none | +95.40 (gain) |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, standalone revenue was ₹51.65 crore, up ₹6.93 crore or 15.5% from ₹44.72 crore in H1 FY26. Total income rose ₹6.24 crore or 13.0% to ₹54.12 crore from ₹47.88 crore. The filing does not give consolidated figures for the half-year period.
Profit before tax and PAT moved to a loss of ₹23.87 crore in H1 FY27 from a profit of ₹64.57 crore in H1 FY26, a difference of ₹88.44 crore. Basic EPS was -₹1.28, compared with ₹4.45 in H1 FY26. The half-year result was after no exceptional item, compared with the ₹95.40 crore exceptional gain reflected in Q2 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 51.65 | 44.72 | +15.5% |
| Profit before tax | −23.87 | 64.57 | turned to loss |
| Net profit | −23.87 | 64.57 | turned to loss |
| EPS (₹) | −1.28 | 4.45 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹172.39 crore, compared with ₹185.68 crore at 31 March 2026. Total equity was negative ₹100.85 crore against negative ₹77.15 crore at the previous balance sheet date. Borrowings rose to ₹70.71 crore from ₹52.66 crore, while cash fell to ₹5.32 crore from ₹7.69 crore.
Inventories declined to ₹15.0 crore from ₹18.1 crore, trade receivables fell to ₹0.08 crore from ₹0.13 crore, and trade payables fell to ₹45.49 crore from ₹51.74 crore. In H1 FY27, operating cash flow was negative ₹5.85 crore, compared with negative ₹10.63 crore in H1 FY26. Investing cash flow was negative ₹0.85 crore against negative ₹0.89 crore, and financing cash flow was ₹4.34 crore against ₹46.83 crore. Capital expenditure was ₹0.86 crore, compared with ₹0.94 crore a year earlier.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 172.39 | 185.68 |
| Total equity | −100.85 | −77.15 |
| Borrowings | 70.71 | 52.66 |
| Cash and equivalents | 5.32 | 7.69 |
| Inventories | 15 | 18.10 |
| Trade receivables | 0.08 | 0.13 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −5.85 | −10.63 |
| Cash from investing | −0.85 | −0.89 |
| Cash from financing | 4.34 | 46.83 |
| Capital expenditure | 0.86 | 0.94 |
Source: Company's results filing (XBRL).
How has Praxis Home Retail done over the last 8 quarters?
Revenue rose year-on-year in each of the last two quarters, according to the trend data, but the latest sequence was not uniformly upward: revenue reached ₹33.96 crore in Q3 FY25, fell to ₹21.22 crore in Q2 FY26, then rose to ₹26.60 crore in Q1 FY27 before easing to ₹25.05 crore in Q2 FY27.
PAT was a profit of ₹81.04 crore in Q2 FY26, the highest point in the listed trend, while the lowest was a loss of ₹115.30 crore in Q4 FY26. The latest result was a net loss of ₹12.80 crore, compared with a net loss of ₹11.06 crore in Q1 FY27. EBITDA margin improved from -35.1% in Q4 FY26 to -7.6% in Q1 FY27, before falling to -14.7% in Q2 FY27.
What did the auditors point out?
Singhi & Co., the statutory auditors, issued a limited review report on the unaudited results and did not express an audit opinion. They stated that a review is substantially less in scope than an audit and does not enable the firm to obtain assurance about all significant matters that an audit might identify. Their conclusion was not modified in respect of the going-concern matter.
The auditors drew attention to a material uncertainty related to going concern. They noted a cash loss of ₹2155.64 lakhs in the half year ended 30 September 2026, negative net worth of ₹0,085.14 lakhs, and current liabilities exceeding current assets by ₹8,336.52 lakhs. They also noted that the company had received a notice under the Insolvency and Bankruptcy Code, 2016 from an operational creditor. The statement was prepared on a going-concern basis based on management's assessment.
Quick answers
What was Praxis Home Retail's revenue in Q2 FY27?
Revenue from operations was ₹25.05 crore, up 18.0% from ₹21.22 crore in Q2 FY26 (standalone).
Did Praxis Home Retail make a profit in Q2 FY27?
No. It reported a net loss of ₹12.80 crore, against a net profit of ₹81.04 crore in Q2 FY26.
What was Praxis Home Retail's EPS in Q2 FY27?
Basic loss per share was ₹0.69, against ₹5.24 in Q2 FY26.
When did Praxis Home Retail announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 8 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 5 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 5 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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