SS Retail (SSRETAIL) Q4 23/24 earnings summary

Executive summary

• FY24 revenue from operations was Rs 12,05,63,33,527.81 and profit after tax was Rs 25,55,48,935.57; both exceeded FY23 levels.

• Operations span 250+ stores across 100 cities, three states and 28 districts; the business focuses on trading.

Financial highlights

• Total revenue was Rs 12,06,45,83,993.39 vs Rs 8,33,71,61,894.00 in FY23.

• Profit before tax was Rs 34,18,33,966.24 vs Rs 17,26,92,900.00; profit after tax was Rs 25,55,48,935.57 vs Rs 12,90,35,008.00.

• Basic and diluted EPS were Rs 196.58, compared with Rs 99.26 in FY23.

• Purchase of stock-in-trade was Rs 11,28,66,90,119.21; other expenses were Rs 63,72,11,332.01 and finance costs Rs 6,76,56,827.31.

Key financial ratios and metrics

• Current ratio was 2.00 vs 2.69; debt-equity ratio 1.07 vs 0.69; interest coverage 6.05 vs 5.22.

• Return on equity was 25.20% vs 17.01%; net profit ratio was 2.12% vs 1.55%; return on capital employed was 19.48% vs 16.62%.

• Inventory turnover was 9.37 vs 16.81; trade receivables turnover 210 vs 264; trade payables turnover 340 vs 384.