Shoppers Stop posts Q1 net profit of Rs 22.79 cr
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The company reported standalone net profit during the quarter stood at Rs 22.79 crore compared to net loss of Rs 117.74 crore in the previous year quarter. Net revenue of the company rose three fold by 368.44 per cent at Rs 941.93 crore in April-June quarter of this fiscal as against Rs 201.08 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 195.45 per cent to Rs 779.51 crore from Rs 263.84 crore in year ago period.
Other Income dipped by 91.26 per cent at Rs 5.60 crore versus (Jun'21 Rs 64.10 crore). Operating Profit surged by 358.80 per cent to Rs 162.42 crore as against Rs -62.76 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 155.24 per cent in June quarter. Interest grew by 0.57 per cent y-o-y to Rs 51.13 crore, while Taxation increased by 127.60 per cent at Rs 9.54 crore (Jun'21 Rs -34.56 crore).
