Highlights
- Sales over the Year and quarter: The company’s sales declined by -35.27 % over the year, decrease in net sales/revenue by -27.89 %.
- Income over the Year and quarter: There has been decline in other income over the past year which is -71.17 %, Marginal increase in other income during this quarter, up by 312.9%.
- Profit over the Year and quarter: Significant improvement in profitability for Praxis Home Retail Limited . Notable increase of 166.58 % in net profit Year to Year, Praxis Home Retail Limited ‘s profitability increased by 80.71 % in this quarter.
- EPS over the Year and quarter: EPS increased by 60.48 % Year to Year. EPS increased by 81.08 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 71.346 Cr | Rs. 64.038 Cr | Rs. 46.18 Cr | -27.89 % | -35.27 % |
| Expenses | Rs. 69.5 Cr | Rs. 67.43 Cr | Rs. 57.21 Cr | -15.16 % | -17.68 % |
| Operating Profit | Rs. 1.85 Cr | Rs. -3.39 Cr | Rs. -11.03 Cr | -225.37 % | -696.22 % |
| OPM % | 2.59 % | -5.29 % | -23.88 % | -18.59 % | -26.47 % |
| Other Income | Rs. 4.44 Cr | Rs. 0.31 Cr | Rs. 1.28 Cr | + 312.9 % | -71.17 % |
| Interest | Rs. 5.53 Cr | Rs. 6.34 Cr | Rs. 6.04 Cr | -4.73 % | + 9.22 % |
| Depreciation | Rs. 13.33 Cr | Rs. 9.13 Cr | Rs. 9.34 Cr | + 2.3 % | -29.93 % |
| Profit before tax | Rs. -12.57 Cr | Rs. -18.55 Cr | Rs. -25.13 Cr | -35.47 % | -99.92 % |
| Tax % | -0 % | -0 % | -0 % | 0 % | 0 % |
| Net Profit | Rs. -12.57 Cr | Rs. -18.55 Cr | Rs. -33.52 Cr | -80.7 % | -166.67 % |
| EPS in Rs | Rs. -1.67 | Rs. -1.48 | Rs. -2.68 | -81.08 % | -60.48 % |
Today, we’re looking at Praxis Home Retail Limited ‘s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -35.27 %. However, it did see a marginal slip of -27.89 % from the previous quarter. Expenses decreased slightly by -15.16 % quarter-on-quarter, aligning with the annual decline of -17.68 %. Operating profit, while down -696.22 % compared to last year, faced a quarter-on-quarter dip of -225.37 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -26.47 %, but a shrinkage of -18.59 % sequentially. Other income rose by 312.9 % compared to the last quarter, despite an annual decline of -71.17 %. Interest expenses dropped significantly by -4.73 % from the previous quarter, yet the year-over-year increase remains at a moderate 9.22 %. Depreciation costs climbed by 2.3 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -29.93 %. Profit before tax declined annually by -99.92 % but saw a reduction from the preceding quarter by -35.47 %.
Net profit fell by -166.67 % year-on-year but witnessed a -80.7 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -60.48 % but a quarterly fall of -81.08 %. In summary, Praxis Home Retail Limited ‘s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 71.346 Cr | Rs. 64.038 Cr | Rs. 46.18 Cr | -27.89 % | -35.27 % |
| Expenses | Rs. 69.5 Cr | Rs. 67.43 Cr | Rs. 57.21 Cr | -15.16 % | -17.68 % |
| Operating Profit | Rs. 1.85 Cr | Rs. -3.39 Cr | Rs. -11.03 Cr | -225.37 % | -696.22 % |
| Net Profit | Rs. -12.57 Cr | Rs. -18.55 Cr | Rs. -33.52 Cr | -80.7 % | -166.67 % |
| EPS in Rs | Rs. -1.67 | Rs. -1.48 | Rs. -2.68 | -81.08 % | -60.48 % |
In reviewing Praxis Home Retail Limited ‘s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -35.27 % year-on-year, although there was a slight dip of -27.89 % from the previous quarter. Expenses decreased by -17.68 % compared to the previous year, with a decrease of -15.16 % quarter-on-quarter. Operating Profit dropped by -696.22 % annually, and saw a -225.37 % decrease from the last quarter.
Net Profit showed yearly decrease of -166.67 %, and experienced a -80.7 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -60.48 % annually, however dipped by -81.08 % compared to the last quarter. In essence, while Praxis Home Retail Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
