Quarterly Results: Shopper's Stop Ltd
Shital Jibhe / 04 Nov 2016
Shoppers Stop Ltd., ended at Rs. 359.4, down by 4 points or 1.1% from its earlier closing of Rs. 363.4 on the BSE. The scrip touched a high and low of Rs. 367.5 and Rs. 359.4 respectively after opening at 367.5.
Technical View:
Shoppers Stop Ltd., ended at Rs. 359.4, down by 4 points or 1.1% from its earlier closing of Rs. 363.4 on the BSE.
The scrip touched a high and low of Rs. 367.5 and Rs. 359.4 respectively after opening at 367.5. Altogether 2645 (NSE+BSE) shares were traded on the counter; and the stock is trading above its 50 DMA.
Standalone Results Q2FY17: (Rs. in crore)
***EBITDA margin change in bps
Shopper’s Stop's revenue for the quarter has risen marginally by 6.8% yoy to Rs 954 cr.
The company's reported EBITDA has dropped by 16.7% yoy to Rs 48 cr while EBITDA margins have dropped by 142 bps yoy to 5%. This upsurge was largely driven by 14.4% yoy increase in employee benefit expenses and 13.5% yoy jump in lease, rent & hire charges.
Shopper's Stop's net profit has declined 11.1% yoy to Rs 11 cr supported by 21.4% fall in depreciation expenses.
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