Praxis Home Retail's Financial Performance Declared Very Negative for Q1 FY25

Despite a challenging quarter, Praxis Home Retail has shown some positive signs in its financial performance. The company’s Profit After Tax (PAT) has improved in the last five quarters, indicating a positive trend in profitability. Additionally, the company’s Earnings per Share (EPS) has also increased, creating higher earnings for shareholders.

However, there are some areas of concern for Praxis Home. The company’s Net Sales have fallen by -37.50% Year on Year (YoY), and the trend for near term sales is very negative. Similarly, the company’s Profit Before Tax less Other Income (PBT) has also decreased by -32.79% YoY, and the near term trend is also negative.

Moreover, Praxis Home’s ability to manage interest payments has deteriorated, with the Operating Profit to Interest ratio being the lowest in the last five quarters. The company’s interest costs have also increased, indicating a rise in borrowings. Additionally, the company’s Operating Profit (PBDIT) and Operating Profit Margin have also decreased, showing a decline in efficiency.

Overall, Praxis Home Retail’s financial performance for the quarter Jun 2024 has been declared as Very Negative. MarketsMOJO has given a ‘Strong Sell’ call for the company’s stock. Investors should carefully consider these factors before making any investment decisions.