Praxis Home Retail Reports Mixed Financial Results for Q2 2024-2025

Nov 16 2024 04:45 PM IST
share
Share Via
Praxis Home Retail, a microcap retail company, reported a negative performance in the second quarter of fiscal year 2024-2025. However, the company's PAT and EPS saw an increase, while the Debtors Turnover Ratio was the highest in five periods. On the other hand, Net Sales and PBT saw a decline, and the company's ability to manage interest payments has deteriorated.

Praxis Home Retail, a microcap retail company, recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Strong Sell' rating by MarketsMOJO.

According to the financial report, Praxis Home has seen a very negative performance in the second quarter of the fiscal year 2024-2025. This trend has remained consistent over the past three months.

However, there are some positive aspects to the company's financials. The Profit After Tax (PAT) for the quarter was the highest in the last five quarters at Rs -2.56 crore. The company's Earnings per Share (EPS) also saw an increase, indicating higher profitability and better returns for shareholders. Additionally, the Debtors Turnover Ratio for the half-yearly period was the highest in the last five periods, showing that the company has been able to settle its debtors faster.

On the other hand, there are some concerning factors in Praxis Home's financials. The Net Sales for the quarter were at Rs 26.35 crore, which is a significant decrease of -55.35% compared to the same period last year. The Profit Before Tax less Other Income (PBT) also saw a decline of -33.24% compared to the previous year. The company's ability to manage interest payments has also deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters. The Net Sales trend for the quarter is also negative.

Overall, Praxis Home's financial performance for the quarter ending September 2024 has been mixed, with some positive and negative aspects. Investors should carefully consider these factors before making any investment decisions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News