Electronics Mart India Ltd's Q3FY25 Quarterly Results

Result Summary

• Electronics Mart India Ltd reported a 35.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 5.4%.
• Its expenses for the quarter were up by 36.1% QoQ and 6.8% YoY.
• The net profit increased 28.6% QoQ and decreased 31.1% YoY.
• The earnings per share (EPS) of Electronics Mart India Ltd stood at 0.8 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Electronics Mart India Ltd is a prominent company in the electronics retail industry, focusing on a wide range of consumer electronics products. The company primarily deals in the retail of consumer electronics including television sets, home appliances, mobile phones, laptops, and other related products. As a major player in the Indian market, Electronics Mart India Ltd has established a strong presence through numerous retail outlets and an expanding online sales platform. While the company's specific recent developments are not detailed within the provided data, it operates in a highly competitive sector characterized by rapid technological advancements and changing consumer preferences.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Electronics Mart India Ltd reported a total income of ₹1,887.30 crores. This marks a significant increase in revenue compared to the previous quarter (Q2FY25), where the total income was ₹1,388.48 crores, resulting in a quarter-over-quarter (QoQ) growth of 35.9%. Compared to the same quarter of the previous year (Q3FY24), where total income was ₹1,790.84 crores, the company experienced a year-over-year (YoY) growth of 5.4%. This growth in revenue highlights the company's ability to generate increased sales over both the previous quarter and the same period last year.

Profitability

The profitability of Electronics Mart India Ltd during Q3FY25 shows a profit before tax (PBT) of ₹41.66 crores, which is a 28.1% increase QoQ from ₹32.52 crores in Q2FY25. However, this represents a decrease of 32.8% YoY compared to the PBT of ₹62.01 crores in Q3FY24. After accounting for tax expenses, the profit after tax (PAT) for Q3FY25 stands at ₹31.55 crores, improving by 28.6% from the previous quarter's ₹24.54 crores. In contrast, this reflects a 31.1% decline compared to the same quarter in the previous year, which recorded a PAT of ₹45.76 crores. This decline in YoY profitability is also reflected in the earnings per share (EPS), which decreased from ₹1.20 in Q3FY24 to ₹0.80 in Q3FY25, a YoY decline of 33.3%.

Operating Metrics

For Q3FY25, Electronics Mart India Ltd reported total expenses amounting to ₹1,845.64 crores, up from ₹1,355.97 crores in Q2FY25, indicating a QoQ increase of 36.1%. When compared to Q3FY24, where total expenses were ₹1,728.82 crores, there is an observed YoY increase of 6.8%. The company's tax expenses for Q3FY25 were ₹10.11 crores, showing a 26.9% QoQ increase from ₹7.97 crores in Q2FY25, but a 37.7% decrease YoY from ₹16.24 crores in Q3FY24. These financial metrics suggest that while the company has effectively managed to increase its revenue, the costs associated with operations have also increased, impacting overall profitability. Additionally, the changes in tax expenses reflect the variations in profit before tax across the different periods analyzed.