Spencers Retail Ltd Q3FY24 consolidated loss lower at Rs. 51.20 crores

Spencer's Retail Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 660.2585 crores during the period ended December 31, 2023 as compared to Rs. 577.1006 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. -51.2004 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. -70.1235 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. -5.69 for the period ended December 31, 2023 as compared to Rs. -7.79 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 660.2585 crs	₹577.1006 crs	14.41%
Net Profit	₹-51.2004 crs	₹-70.1235 crs	26.99%
EPS	₹-5.69	₹-7.79	26.96%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 660.2585 crores during the period ended December 31, 2023 as compared to Rs.642.0422 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-51.2004 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.-61.7542 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.-5.69 for the period ended December 31, 2023 as compared to Rs.-6.86 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 660.2585 crs	₹642.0422 crs	2.84%
Net Profit	₹-51.2004 crs	₹-61.7542 crs	17.09%
EPS	₹-5.69	₹-6.86	17.06%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1819.4775 crores during the 9 Months period ended December 31, 2023 as compared to Rs.1935.7055 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-185.4601 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.-149.1689 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.-20.60 for the 9 Months period ended December 31, 2023 as compared to Rs.-16.56 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹1819.4775 crs	₹1935.7055 crs	-6.00%
Net Profit	₹-185.4601 crs	₹-149.1689 crs	24.33%
EPS	₹-20.60	₹-16.56	24.40%

Shares of Spencer's Retail Limited was last trading in BSE at Rs. 130.80 as compared to the previous close of Rs. 122.90. The total number of shares traded during the day was 89618 in over 1875 trades.

The stock hit an intraday high of Rs. 133.00 and intraday low of 123.00. The net turnover during the day was Rs. 11508392.00.

Source : Equity Bulls

Keywords

SpencersRetail Q3FY24 9MFY24 ResultUpdate