|Particulars||Sep-20 Quarter||Growth (YOY)||Growth (QOQ)|
|Operating Profit||Rs-133.89cr||Not Applicable||Not Applicable|
|Net Profits||Rs-97.70cr||Not Applicable||Not Applicable|
|Key Ratios||Sep-20 Quarter||Sep-19 Quarter||Jun-20 Quarter|
|Net Profit Margin||-32.90%||-0.94%||-215.19%|
Key takeaways from the Sep-20 quarter results
- Due to the huge losses made at an operating level, the operating net cash flows continue to be in the negative putting strain on the finances.
- Crossword Bookstores, a subsidiary of Shoppers Stop, has accumulated losses of Rs.58 crore as of Sep-20 and that is also eroding the net worth of Shoppers Stop.
- The rent concessions, as permitted by the Ministry of Corporate Affairs have been accounted for by the company as other income, which explains the sharp rise in other income in the books of Shoppers Stop..