Metro Brands Ltd Q3 PAT up 56.9% at Rs101.2cr on the back of 70% yoy growth in EBITDA

15 Jan 2022 , 08:53 PM

Metro Brands Ltd reported 59.03% growth in total revenues for the Dec-21 quarter on consolidated basis at Rs483.77cr. On a sequential basis, the total revenues were up 19.03%. The company completed a successful IPO during the quarter.

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.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was up 56.89% at Rs101.27cr on the back of a 70% surge in EBITDA profits as cost controls worked directly to boost the operating profits of the company.

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%