21 Oct 2020 | 4:18 PM

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COMPANYNEWS
Praxis Home Retail L posts Q2 net loss of Rs 18.48 cr
  Praxis Home Retail Ltd. | 17 Jan 2020 | 09:31 AM
Published on 11-07-2019
The company reported standalone net loss during the quarter stood at Rs 18.48 crore compared to net profit of Rs 1.06 crore in the previous year quarter. 


Net revenue of the company rose by 5.28 per cent at Rs 192.84 crore in July-September quarter of this fiscal as against Rs 183.17 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 3.10 per cent to Rs 187.07 crore from Rs 181.45 crore in year ago period.


Other Income grew by 675.00 per cent at Rs 0.31 crore versus (Sep`18 Rs 0.04 crore).


Operating Profit surged by 236.05 per cent to Rs 5.78 crore as against Rs 1.72 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 219.15 per cent in September quarter.


Interest grew by 1501.54 per cent y-o-y to Rs 10.41 crore