Stanley Lifestyles (STANLEY) Q4 20/21 earnings summary

Executive summary

• FY2020-21 standalone revenue from operations fell to Rs. 1,25,38,97,200 from Rs. 1,52,55,22,424; consolidated revenue declined to Rs. 1,95,77,89,499 from Rs. 2,06,31,83,097.

• COVID-19 disruptions and lockdowns constrained revenue; the immediate focus shifted to employee well-being and limiting customer-service disruption.

Financial highlights

• Standalone gross revenue from operations was Rs. 1,25,38,97,200 in FY21 versus Rs. 1,52,55,22,424 in FY20; consolidated revenue was Rs. 1,95,77,89,499 versus Rs. 2,06,31,83,097.

• Standalone cost of goods sold declined to Rs. 81,50,52,610 from Rs. 93,50,91,364, attributed to purchasing and raw-material consumption measures.

• Standalone employee benefits expense decreased to Rs. 13,69,32,672 from Rs. 18,92,07,856 through efficiency measures; depreciation rose to Rs. 2,76,02,178 from Rs. 2,43,78,177.

• The financial highlights table reports standalone PBT of Rs. 5,47,97,782 and PAT of Rs. 1,38,41,406; the narrative separately reports PBT of Rs. 5,47,65,956 and PAT of Rs. 72,30,208.

• Consolidated PAT was Rs. 8,37,33,695 versus Rs. 8,41,39,685; consolidated PBT was Rs. 14,74,55,895 versus Rs. 13,50,12,550.

Key financial ratios and metrics

• Annual return records turnover of Rs. 1,253,897,200 and net worth of Rs. 1,892,173,692.

• Standalone total expenses were Rs. 1,25,68,88,392 versus Rs. 1,48,01,20,219; consolidated expenses were Rs. 1,86,31,29,966 versus Rs. 1,98,66,25,574.