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Shoppers Stop reports 83% fall in Q2 consolidated net profit

19 Oct 2023 Evaluate

Shoppers Stop has reported results for second quarter ended September 30, 2023 (Q2FY24). 

The company has reported 90.19% fall in its net profit at Rs 1.78 crore for the quarter under review as compared to Rs 18.14 crore for the same quarter in the previous year. However, total income of the company increased by 2.33% at Rs 1035.69 crore for Q2FY24 as compared Rs 1012.12 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 83.15% fall in its net profit at Rs 2.73 crore for the second quarter ended September 30, 2023 as compared to Rs 16.20 crore for the same quarter in the previous year. However, total income of the company increased by 3.25% at Rs 1049.70 crore for Q2FY24 as compared Rs 1016.63 crore for the corresponding quarter previous year.

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