15 Jan 2022 , 08:53 PM
Top line revenues gained from the return to normalcy as the restrictions on retail businesses were largely removed. The company is predominantly into the footwear, bags and other fashion related retail category which saw a lot of revenge buying coming back during the festive season.
However, due to higher interest costs, the PAT margins were marginally lower from 21.22% in Dec-20 to 20.93% in Dec-21 quarter. However, net margins were substantially higher by 466 bps on sequential basis. A good part of the profits of the quarter also came from much more efficient inventory management leading to gains.
Financial highlights for Dec-21 compared yoy and sequentially
Metro Brands | |||||
Rs in Crore | Dec-21 | Dec-20 | YOY | Sep-21 | QOQ |
Total Income (Rs cr) | ₹ 483.77 | ₹ 304.21 | 59.03% | ₹ 324.61 | 49.03% |
Net Profit (Rs cr) | ₹ 101.27 | ₹ 64.55 | 56.89% | ₹ 52.81 | 91.76% |
Diluted EPS (Rs) | ₹ 2.80 | ₹ 2.50 | ₹ 2.08 | ||
Net Margins | 20.93% | 21.22% | 16.27% |
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