REDTAPE (REDTAPE) Q2 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2024, were approved and reviewed by the Board and Audit Committee on November 13, 2024.

• Statutory auditors issued an unmodified review report, indicating no material misstatements in the financial statements.

Financial highlights

• Consolidated revenue from operations for Q2 FY25 was ₹41,578 lakh, up from ₹32,275 lakh in Q2 FY24; H1 FY25 revenue was ₹85,639 lakh, up from ₹71,540 lakh in H1 FY24.

• Consolidated profit before tax for Q2 FY25 was ₹3,559 lakh, compared to ₹3,294 lakh in Q2 FY24; H1 FY25 profit before tax was ₹7,695 lakh, up from ₹9,549 lakh in H1 FY24.

• Consolidated net profit for Q2 FY25 was ₹2,568 lakh, compared to ₹3,051 lakh in Q2 FY24; H1 FY25 net profit was ₹5,619 lakh, down from ₹7,115 lakh in H1 FY24.

• Basic EPS for Q2 FY25 was ₹1.86, compared to ₹2.21 in Q2 FY24; H1 FY25 EPS was ₹4.07, down from ₹5.15 in H1 FY24.

Outlook and guidance

• The company continues to focus on its core business of retailing/trading of apparel and footwear, with all other activities being incidental.