Praxis Home Retail Reports Mixed Financial Results Amid Sales Decline in December 2024

Feb 12 2025 09:35 PM IST
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Praxis Home Retail's financial results for the quarter ending December 2024 present a mixed performance. While the company reported improvements in operating profit metrics and efficiency, it also faced significant declines in net sales and profitability, indicating ongoing challenges within the retail sector.
Praxis Home Retail has recently reported its financial results for the quarter ending December 2024, revealing a complex picture of performance within the retail sector. The company's evaluation has undergone a revision, reflecting changes in its financial metrics over the past three months.

Notably, Praxis Home has achieved its highest operating profit to interest ratio in the last five quarters, now standing at 0.26 times, indicating an enhanced capacity to manage interest obligations. Additionally, the operating profit (PBDIT) reached Rs 0.51 crore, marking a positive trend in this area. The operating profit margin also saw improvement, recorded at 1.50%, suggesting greater efficiency in operations. Furthermore, the debtors turnover ratio has shown significant strength, achieving a high of 2,400.43 times, which indicates a quicker settlement of receivables.

Conversely, the company faced challenges, particularly with net sales, which fell to Rs 33.96 crore, reflecting a substantial year-on-year decline of 46.97%. Profit after tax (PAT) also reported a negative trend, with a year-on-year decrease of 50.99%, indicating ongoing difficulties in profitability.

Overall, Praxis Home Retail's financial results highlight a mix of positive operational metrics alongside significant sales and profitability challenges.

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