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While EBITDA improved by 28% YoY to Rs 96.6 crore during the quarter, EBITDA margin increased by 7.4% in Q2 FY24 from 6.1% in Q2 FY23.
Profit before tax in Q2 FY24 stood at Rs 50.1 crore, up by 55% from Rs 32.4 crore in Q2 FY23.
Electronics Mart India (EMIL) is the 4th largest consumer durable and electronics retailer in India. EMIL is not engaged in any manufacturing and the products it sells are sourced from wide variety of suppliers/OEMs, with some of them it has long-standing relationship of more than 15 years. It operates both multi brand outlets (MBOs) and exclusive brand outlets (EBOs) arraying multifarious as well as specialized electronic products.
The scrip tumbled 6.46% to end at Rs 170.80 on the BSE today.
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