Electronics Mart India (EMIL) Q1 24/25 earnings summary

Executive summary

• Q1 FY25 revenue grew 17.3% year-over-year to INR 1,975 crore, driven by strong demand for cooling products and effective inventory management.

• EBITDA increased 18.3% year-over-year to INR 150.4 crore, with margins stable at 7.8%.

• PAT rose 20.3% year-over-year to INR 72 crore.

• 10 new stores opened in Q1, bringing the total to 170 stores across 66 cities in four states, with total retail area at 1.54 million sq. ft.

• Unaudited standalone and consolidated financial results for the quarter ended 30 June 2024 were approved by the Board on 9 August 2024.

Financial highlights

• Revenue: INR 1,975 crore (up 17.3% YoY); standalone and consolidated revenue for Q1 FY25 was ₹19,749.39 million.

• EBITDA: INR 150.4 crore (up 18.3% YoY), margin at 7.8%.

• PAT: INR 72 crore (up 20.3% YoY); standalone profit for the period was ₹724.95 million.

• ROCE: 28.6%, ROE: 20.1% (annualized for Q1 FY25).

• Working capital days reduced to 48 as of June 2024.

Outlook and guidance

• Plans to open around 25-30+ new stores in FY25, targeting robust double-digit revenue growth.

• Focus on modernizing stores, expanding product range, and enhancing customer experience.

• Pre-Ind AS EBITDA margin guidance for FY25 is 6-6.5%; post-Ind AS margin at 7.5-7.8%.