Praxis Home Retail Files Audited Financial Results for FY26, Showing Net Loss
Praxis Home Retail reported audited financial results for FY26, with a net loss of ₹6,661.49 lakhs. Total income was ₹10,752.07 lakhs and expenses ₹16,853.57 lakhs. The company faces going concern uncertainty due to cash losses and negative net worth. A ₹10,100 lakh provision for ECL was made. A rights issue in August 2025 raised ₹4,958.00 lakhs.
The report details a significant net loss, ongoing legal and insolvency proceedings, and a material uncertainty about the company's ability to continue as a going concern. These are critical financial and operational issues that will significantly impact investor confidence and the company's future.
The company reported a significant net loss for the fiscal year, highlighted by a material uncertainty regarding its ability to continue as a going concern, negative net worth, and a substantial provision for expected credit loss. These factors indicate a negative financial outlook.
Praxis Home Retail Limited has submitted its audited financial results for the quarter and year ended March 31, 2026. The company received an email from the National Stock Exchange of India (NSE) on June 22, 2026, reminding them to submit corporate announcements in a machine-readable format. In compliance, Praxis Home Retail has enclosed the audited financial results, which were approved by the Board of Directors on May 29, 2026.
The financial statements reveal a net loss for the year ended March 31, 2026, amounting to ₹6,661.49 lakhs (₹66.61 crore). The total income for the year was ₹10,752.07 lakhs (₹107.52 crore), while total expenses amounted to ₹16,853.57 lakhs (₹168.54 crore). The company reported an exceptional item of ₹10,100 lakhs (₹101 crore) for the year.
Key financial metrics for the year ended March 31, 2026, include: Revenue from operations at ₹9,566.21 lakhs, other income at ₹1,185.86 lakhs, and total expenses at ₹16,853.57 lakhs. The company incurred finance costs of ₹2,117.85 lakhs and depreciation and amortization expenses of ₹2,064.02 lakhs. The basic and diluted Earnings Per Share (EPS) for the year stood at ₹(4.03).
The auditor's report highlights a material uncertainty related to the company's ability to continue as a going concern. The company incurred a cash loss of ₹4,058.31 lakhs during the year, and its net worth is negative. Additionally, current liabilities exceeded current assets by ₹5,994.33 lakhs, and the company received a notice under the Insolvency and Bankruptcy Code, 2016. The financial statements have been prepared on a going concern basis based on management's assessment of the company's ability to meet its obligations.
Significant notes include the provision for Expected Credit Loss (ECL) of ₹10,100 lakhs towards a security deposit with Future Enterprises Limited (FEL), which is undergoing Corporate Insolvency Resolution Process (CIRP). The company also faced legal challenges, including an application by the Resolution Professional of FEL and an appeal against an NCLT order concerning a lease deed with Ojas Tradelease and Mall Management Private Limited.
Praxis Home Retail also completed a rights issue of 4,95,80,000 equity shares in August 2025, raising ₹4,958.00 lakhs, which was utilized for repayment of trade payables and general corporate purposes. The company's equity share capital as of March 31, 2026, was ₹9,290.61 lakhs, with other equity at ₹(17,005.83) lakhs.
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Praxis Home Retail Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Praxis Home Retail Limited. Read the original for the full detail.