Praxis Home Retail Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, revealing continued operational challenges with widened losses compared to the previous year. The home retail company's financial performance showed deterioration across key metrics during the third quarter of fiscal year 2026.

Financial Performance Overview

The company's financial results for Q3 FY26 demonstrate significant challenges in its operational performance. The comprehensive financial data reveals both revenue decline and increased losses compared to the corresponding period in the previous fiscal year.

Operational Results

The company's total income from operations declined to ₹3,036.51 lakh in Q3 FY26 from ₹3,398.73 lakh in the corresponding quarter of the previous year, representing a decrease of approximately 10.7%. This revenue decline indicates challenges in the company's core retail operations and market positioning.

The net loss for the period expanded significantly to ₹1,589.10 lakh in Q3 FY26 compared to ₹833.16 lakh in Q3 FY25, reflecting operational difficulties and increased cost pressures. The loss figures remained consistent both before and after tax, indicating no tax benefits during the quarter.

Capital Structure and Share Performance

The company's equity share capital increased substantially to ₹9,290.61 lakh as of December 31, 2025, compared to ₹6,760.91 lakh in the previous year. Each share carries a face value of ₹5. Despite the increased capital base, the earnings per share deteriorated to ₹(0.86) in Q3 FY26 from ₹(0.64) in Q3 FY25.

Total comprehensive income for the period showed ₹3.28 lakh, which remained unchanged from the previous comparable period, indicating minimal impact from other comprehensive income items.

Nine-Month Performance

For the nine months ended December 31, 2025, the company reported total income from operations of ₹7,824.54 lakh. The net loss for this extended period reached ₹4,668.36 lakh after tax, with earnings per share of ₹3.07 for the nine-month period.

Corporate Governance and Compliance

The Board of Directors, led by Chief Executive Officer and Whole-Time Director Ashish Bhatia, approved these financial results during their meeting held on January 30, 2026. The company has fulfilled its regulatory obligations by publishing the results in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The complete financial results are available on the company's website at www.praxisretail.in and on stock exchange platforms including BSE Limited and National Stock Exchange of India Limited. The company has also provided Quick Response Code access for stakeholder convenience, demonstrating its commitment to transparency and regulatory compliance.

Praxis Home Retail Limited has disclosed significant operational changes involving store closures and regulatory compliance issues in its latest filing under Regulation 30 of SEBI (LODR) Regulations, 2015, dated January 12, 2026.

Store Closure Details

The company has decided to discontinue operations at two key retail locations due to operational unviability. The closure details are outlined below:

The Kolkata store represents a more significant revenue impact, contributing nearly three times more than the Hyderabad location. Despite these closures, the company's management continues to explore strategic locations for expansion to maintain competitive advantage, improve market segmentation, and enhance visibility.

BSE Regulatory Fine

BSE Limited has imposed a penalty on Praxis Home Retail for non-compliance with listing regulations. The fine details are as follows:

The company's Board of Directors allotted equity shares on a preferential basis on November 10, 2025, requiring exchange approach by November 30, 2025. However, the application was submitted on December 17, 2025, resulting in the 17-day delay. The company has characterized this delay as inadvertent and unintentional.

Regulatory Framework

The fine was imposed under Schedule XIX of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, which mandates companies to approach exchanges for listing approval within 20 days of allotment. The penalty structure follows SEBI circular SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, establishing ₹20,000 daily fines for such non-compliance.

Financial Impact Assessment

While the store closures will reduce the company's revenue base by over 10%, the management's strategic approach suggests a focus on operational efficiency over pure expansion. The regulatory fine, though significant, represents a one-time penalty that the company must address promptly to avoid further regulatory action. The company has been provided with specific banking details for fine payment through ICICI Bank Limited.