Praxis Home Retail Reports Significant Sales Decline and Rising Interest Expenses in March 2025 Results

Praxis Home Retail has recently reported its financial results for the quarter ending March 2025, revealing notable challenges within its operations. The company's net sales for the quarter stood at Rs 27.20 crore, reflecting a significant decline of 41.10% year on year. This downturn indicates a concerning trend in sales performance, which may impact the company's overall market position. Additionally, the profit after tax (PAT) for the latest six-month period was recorded at Rs -22.72 crore, marking a year-on-year decline of 44.51%. This negative trajectory in profitability further underscores the difficulties faced by Praxis Home in the current retail environment. On the other hand, the interest expense for the quarter was reported at Rs 3.40 crore, which has seen a quarter-on-quarter increase of 76.17%. This rise in interest costs suggests that the company may be relying more heavily on borrowings, potentially straining its financial resources. In light of these developments, Praxis Home has experienced an adjustment in its evaluation, with its score reflecting the current financial landscape. Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.