24 Oct 2020 | 2:20 AM


Praxis Home Retail L posts Q1 net loss of Rs 25.53 cr
  Praxis Home Retail Ltd. | 17 Jan 2020 | 09:31 AM
Published on 08-07-2019
The company reported standalone net loss during the quarter stood at Rs 25.53 crore as compared to net loss of Rs 3.45 crore in the previous year quarter.

Net revenue of the company rose marginally by 2.21 per cent at Rs 162.19 crore in April-June quarter of this fiscal as against Rs 158.69 crore in the corresponding period last year.

During April-June quarter operating expenses increased by 2.58 per cent to Rs 165.59 crore from Rs 161.43 crore in year ago period.

Other Income grew by 350.00 per cent at Rs 0.36 crore versus (Jun`18 Rs 0.08 crore).

Operating Profit surged by 24.09 per cent to Rs -3.40 crore as against Rs -2.74 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 20.81 per cent in June quarter.

Interest grew by 1098.68 per cent y-o-y to Rs 9.11 crore