Net profit for the quarter increased by 50% from last year to ₹40 crore from ₹27 crore.
Revenue grew by 15% year-on-year to ₹1,913 crore from ₹1,664 crore earlier.
Earnings before interest, tax, depreciation and amoritsation (EBITDA) increased 21% to ₹129 crore in the fourth quarter from ₹107 crore last year, while margins expanded by 30 basis points from last year to 6.7% from 6.4% earlier.
Electronics Mart, in its investor presentation, stated that at the end of the March quarter, it had over 200 stores in across more than 90 cities and it plans to expand into the western UP market. It has a total of over 1.94 million square feet of retail area.
The company said it is strengthening cash flows by optimising working capital, especially a the inventory level.
It said that as stores mature and stabilise, it expects improved throughput and higher revenue productivity. This will enhance fixed cost absorption, leading to a gradual normalization of EBITDA margins over time.
Shares of Electronics Mart India Ltd. gained 9.5% to hit an intraday high of ₹127 apiece on Friday. The stock was trading 7.5% higher at 124.67 apiece. It has gained 14.3% in the past month.
Also Read: Info Edge Q4 Results: Stock jumps on margin expansion, market share gains
