Shoppers Stop Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 08:10 am EST
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Shoppers Stop Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported total income from operations (net) of INR 10,111.932 million against INR 8,959.280 million a year ago. Profit from operations before other income and finance costs and exceptional items were INR 391.256 million against INR 461.452 million a year ago. Profit from ordinary activities before tax was INR 328.187 million against INR 384.061 million a year ago. Net profit after tax was INR 190.054 million or INR 2.28 basic and diluted per share against INR 224.504 million or INR 2.69 diluted per share a year ago. Retail turnover was INR 11,060.0 million, jump 11.8% over the last year. EBIDTA was INR 684.0 million.
For the nine months, on standalone basis, the company reported total income from operations (net) of INR 27,377.858 million against INR 24,723.453 million a year ago. Profit from operations before other income and finance costs and exceptional items were INR 492.064 million against INR 831.052 million a year ago. Profit from ordinary activities before tax was INR 277.596 million against INR 390.204 million a year ago. Net profit after tax was INR 161.303 million or INR 1.94 basic and diluted per share against INR 128.196 million or INR 1.54 diluted per share a year ago. Cash generated from operating activities were INR 2,034.4 million.
For the quarter, on consolidated basis, the company reported retail sales were INR 15,426.52 million against INR 13,312.91 million a year ago. Operating profit (EBIDTA) was INR 826.19 million against INR 624.97 million a year ago. PBT was INR 300.55 million against INR 180.74 million a year ago. Profit after tax was INR 155.3 million against INR 110.65 million a year ago.
For the nine months, on consolidated basis, the company reported retail sales were INR 40,009.91 million against INR 36,206.64 million a year ago. Operating profit (EBIDTA) was INR 1,430.69 million against INR 1,427.04 million a year ago. LBT was INR 186.06 million against PBT of INR 77.27 million a year ago. Loss after tax was INR 115.91 million against loss of INR 126.71 million a year ago.
Shoppers Stop Limited is an India-based company, which is engaged in the business of retail trade through retail and departmental store facilities. The Company is engaged in the business of retailing a variety of household and consumer products through departmental stores. The Company is engaged in retail operations, such as trading of apparels, non-apparels, such as cosmetics, household items, food products and books, among others. It offers men's clothing, women's clothing, fashion footwear and kid's wear. It offers a range of products in the apparel, beauty, home decor, fragrances, accessories and luxury watches categories. ShoppersStop.com is a Website to shop for all its customers fashion and lifestyle needs online from their home. The Company provides women's ethnic wear like kurtis from W and Biba, or salwar and churidar sets from brands, such as Haute Curry, Infuse and Fratini. Its private brands portfolio includes Kashish, STOP, Life, Bandeya and karrot.