Praxis Home Retail Limited has submitted its unaudited financial results for the half-year and quarter ended September 30, 2025. These results were approved by the Board of Directors on November 14, 2025. The company received an email from the National Stock Exchange of India (NSE) dated January 13, 2026, directing the submission of corporate announcements in a machine-readable format, which Praxis Home Retail has complied with.

The Independent Auditor’s Limited Review Report expresses a disclaimer of conclusion on the financial results. Significant issues raised include the non-recognition of loss allowance for expected credit losses on a security deposit of ₹10,100.00 lakhs receivable from a related party, Future Enterprises Limited (FEL), which is undergoing insolvency proceedings. Additionally, FEL's Resolution Professional has claimed lease rentals of ₹4,577.35 lakhs from Praxis Home Retail. The auditor also noted that balances of trade payables aggregating to ₹7,770.27 lakhs are subject to confirmations and reconciliations.

Furthermore, the company has not recognized any provision for impairment in respect of Right-of-Use (ROU) assets valued at ₹10,545.38 lakhs, despite incurring cash losses and a significant number of stores operating at a loss. The auditor highlighted that the company incurred a cash loss of ₹1,582.09 lakhs for the period ended September 30, 2025, and received a notice for insolvency proceedings from an operational creditor. While the company's net worth has turned positive and current assets exceed current liabilities, this is primarily due to waivers of Inter-Corporate Deposits (ICDs) and related interest, not operating performance. These factors raise material uncertainty about the company's ability to continue as a going concern.

Financially, for the quarter ended September 30, 2025, the company reported total income of ₹2,235.61 lakhs and total expenses of ₹3,681.35 lakhs, resulting in a loss before exceptional items and tax of ₹1,435.74 lakhs. An exceptional item of ₹9,540.00 lakhs (waiver of ICDs) led to a profit before tax and after exceptional items of ₹8,104.26 lakhs. The net profit for the quarter was ₹8,104.26 lakhs. For the half-year ended September 30, 2025, total income was ₹4,788.03 lakhs and total expenses were ₹7,670.59 lakhs, resulting in a loss before exceptional items and tax of ₹3,082.56 lakhs. After the exceptional item of ₹9,540.00 lakhs, the profit before tax and after exceptional items was ₹6,457.44 lakhs, with a net profit for the half-year of ₹6,457.44 lakhs.

Key notes include the waiver of inter-corporate deposits amounting to ₹9,540.00 lakhs. The company also completed a rights issue of ₹4,958.00 lakhs. Mr. Samson Samuel resigned as a Non-Executive and Non-Independent Director effective October 1, 2025. The financial results will be available on the company's website and the websites of BSE and NSE.