SHOPPERS STOP Announces Quarterly Results (4QFY19); Net Profit Down 44.9%

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SHOPPERS STOP Announces Quarterly Results (4QFY19); Net Profit Down 44.9%
Thu, 2 May

SHOPPERS STOP has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

SHOPPERS STOP Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,4969,9917,911-20.8%-6.9%
Other incomeRs m12295386.3%337.4%
TurnoverRs m8,50810,0207,964-20.5%-6.4%
ExpensesRs m7,9819,0207,320-18.8%-8.3%
Gross profitRs m515972591-39.2%14.6%
DepreciationRs m27127845563.6%67.9%
InterestRs m303025-17.7%-17.1%
Profit before taxRs m227692164-76.3%-27.6%
TaxRs m1924950-80.1%162.4%
Profit after taxRs m208443115-74.2%-44.9%
Gross profit margin%6.19.77.5
Effective tax rate%8.336.030.2
Net profit margin%2.44.41.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 6.9% on a year-on-year (YoY) basis. The expenses were down by 8.3% YoY during the same period.
  • The company's operating profit increased by 14.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.5% in 4QFY19 as against 6.1% in 4QFY18.
  • Depreciation charges increased by 67.9% and finance costs declined by 17.1% YoY, respectively.
  • Other income increased by 337.4% YoY during the quarter.
  • Net profit for the quarter declined by 44.9% YoY. Net profit margins during the quarter declined from 2.4% in 4QFY18 to 1.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 18.8% QoQ during the same period.
  • The company's operating profit declined by 39.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 4QFY19 as against 9.7% in 3QFY18.
  • Net profit for the quarter declined by 74.2% QoQ, while net profit margins declined from 4.4% in 3QFY18 to 1.4% in 4QFY19.

To see how SHOPPERS STOP has performed over the last eight quarters, please visit here.

SHOPPERS STOP Share Price Performance

Over the last one year, SHOPPERS STOP share price has moved up from Rs 563.9 to Rs 471.0, registering a Loss of Rs 92.9 or around 16.5%.

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 471.0, the price to earnings (P/E) ratio of SHOPPERS STOP stands at 49.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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SHOPPERS STOP Announces Quarterly Results (1QFY20); Net Profit Down 101.2% (Quarterly Result Update)

Aug 1, 2019 | Updated on Aug 1, 2019

For the quarter ended June 2019, SHOPPERS STOP has posted a net profit of Rs 1 m (down 101.2% YoY). Sales on the other hand came in at Rs 9 bn (up 3.3% YoY). Read on for a complete analysis of SHOPPERS STOP's quarterly results.

SHOPPERS STOP Announces Quarterly Results (3QFY19); Net Profit Up 171.1% (Quarterly Result Update)

Jan 29, 2019 | Updated on Jan 29, 2019

For the quarter ended December 2018, SHOPPERS STOP has posted a net profit of Rs 443 m (up 171.1% YoY). Sales on the other hand came in at Rs 10 bn (up 3.7% YoY). Read on for a complete analysis of SHOPPERS STOP's quarterly results.

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