Spencers Retail Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Spencers Retail Ltd reported a 10.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 21.2%.
- Its expenses for the quarter were down by 14.8% QoQ and 20.3% YoY.
- The net profit decreased 45.7% QoQ and decreased 7.5% YoY.
- The earnings per share (EPS) of Spencers Retail Ltd declined at 5.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 520.04 | 579.06 | 660.26 | -10.2% | -21.2% |
Total Expenses | 567.45 | 666.31 | 711.56 | -14.8% | -20.3% |
Profit Before Tax | -47.40 | -87.25 | -51.29 | -45.7% | -7.6% |
Tax | -0.06 | -0.06 | -0.09 | 0.0% | -33.3% |
Profit After Tax | -47.34 | -87.18 | -51.20 | -45.7% | -7.5% |
Earnings Per Share | -5.30 | -9.70 | -5.70 | -45.4% | -7.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Spencers Retail Ltd is a prominent player in the retail industry, primarily focusing on providing a wide array of grocery and food products. The company operates a chain of retail stores across various locations, catering to diverse consumer needs with offerings that include fresh produce, packaged food, and other household essentials. Spencers Retail has established itself as a significant name in the retail sector, known for its quality products and customer service. As of the latest developments, there is no specific information available regarding any significant changes or initiatives undertaken by the company in recent times.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Spencers Retail Ltd reported a total income of ₹520.04 crores. This reflects a quarter-over-quarter (QoQ) decline of 10.2% compared to the previous quarter (Q2FY25), where the total income was ₹579.06 crores. Additionally, there is a year-over-year (YoY) decrease of 21.2% when compared to the same quarter in the previous year (Q3FY24), which had total income of ₹660.26 crores. These figures indicate a downward trend in revenue over the past year.
Profitability
For Q3FY25, Spencers Retail Ltd recorded a loss before tax of ₹47.40 crores. This is an improvement from the loss of ₹87.25 crores in Q2FY25, representing a 45.7% reduction in losses on a QoQ basis. Compared to Q3FY24, where the loss before tax was ₹51.29 crores, there is a slight improvement of 7.6% YoY. The profit after tax for Q3FY25 stood at a negative ₹47.34 crores, showing a similar pattern of reduction in losses compared to both the preceding quarter and the same quarter last year. The earnings per share (EPS) for this quarter was -₹5.30, which is an improvement from -₹9.70 in Q2FY25, and a slight improvement from -₹5.70 in Q3FY24.
Operating Metrics
The total expenses for Spencers Retail Ltd in Q3FY25 were ₹567.45 crores, which is a decrease of 14.8% QoQ from ₹666.31 crores in Q2FY25, and a 20.3% decrease YoY from ₹711.56 crores in Q3FY24. The company did not report any significant changes in tax expenses, which remained stable at ₹0.06 crores for Q3FY25 and Q2FY25, with a slight decrease from ₹0.09 crores in Q3FY24. The consistent tax expense, despite changes in other financial metrics, suggests stability in this particular aspect of the financials.
