Thomas Scott India Q1 Results Total Income ₹27.34 crores & Operating Profit ₹2.38 crores

Thomas Scott India Q1 Results: The Thomas Scott India table shows the financial performance for the first quarter of June 2024 compared to previous periods. Over the past year, known as year-over-year (YoY), the company experienced significant changes in its financials. YoY, the total revenue increased by 48.76%, reflecting strong growth compared to the same quarter last year. However, the quarter-on-quarter (QoQ) change shows a more modest 6.33% increase from the previous quarter, indicating a slower growth rate recently.

YoY, the company's selling, general, and administrative expenses almost doubled, rising by 97.97%. This increase is more drastic compared to the quarter-on-quarter (QoQ) rise of 13.62% from the last quarter. In terms of depreciation and amortization, YoY growth was very high at 129.77%, showing a significant rise from the same quarter last year. However, the QoQ increase was more moderate at 24.11%.

YoY, operating income grew impressively by 148.83%, but quarter-on-quarter, it fell by 38.42%. Net income also increased YoY by 20.66%, though it saw a sharp 65.29% drop quarter-on-quarter. Lastly, the diluted normalized earnings per share (EPS) showed a huge YoY growth of 269.86%, despite a QoQ decrease of 55.95%. This table highlights that while Thomas Scott India saw strong YoY improvements in many areas, recent quarterly performance has shown some challenges.

Here's a simplified summary of Thomas Scott India's Q1 results:

Thomas Scott India Q1 Results

Thomas Scott India’s revenue from operations was ₹2,734.16 crore for this quarter, up from ₹1,907.95 crore a year ago. They also earned a small amount of ₹0.09 crore from other sources, bringing the total income to ₹2,734.25 crore. Their expenses were high, totaling ₹2,521.19 crore, which includes costs for materials, stock purchases, inventory changes, employee benefits, and other expenses.

Thomas Scott India’s made a profit before tax of ₹213.06 crore. After accounting for taxes, including a deferred tax of ₹14.27 crore and provisions from earlier years, the profit for the period was ₹138.79 crore. They also reported an additional ₹2.48 crore from other comprehensive income, making the total comprehensive income ₹138.79 crore.

Thomas Scott India's paid-up equity share capital increased to ₹1,077.52 crore from ₹785.27 crore last year. The earnings per share for this quarter were ₹5.40, both basic and diluted. The reserve, excluding revaluation reserves, stands at ₹4,089.89 crore. Overall, the company shows strong performance with improved revenue and stable profits.

Here's a simplified summary of the financial results for the quarter ended June 30, 2024:

(Rs in crores)

Thomas Scott India Financial Performance 

The table provides key financial metrics for Thomas Scott India. The Market Cap of ₹271 Crores shows the total value of all shares combined. The Current Price of ₹240 indicates the price of one share. High / Low values, ₹360 and ₹95.4, represent the highest and lowest prices the stock has reached over a specific period. The Stock P/E ratio of 26.4 compares the stock price to its earnings, suggesting how much investors are willing to pay per unit of earnings. The Book Value of ₹43.2 is the value of the company’s assets per share. 

Here's the information in a table format:

Quarterly Results 

Thomas Scott India, the quarterly results for Dec 2023, Mar 2024, and Jun 2024 show steady growth in both sales and operating profit. In Dec 2023, sales reached Rs. 21.65 crores, while the operating profit was Rs. 1.59 crores, with a modest profit margin of 7.34%. By Mar 2024, sales increased to Rs. 25.72 crores, and the operating profit jumped to Rs. 4.29 crores, reflecting a strong 16.68% profit margin. 

Here's the version for the quarters Dec 2023, Mar 2024, and Jun 2024:

About Thomas Scott India

Thomas Scott India is a well-known clothing brand that focuses on providing high-quality formal and business casual shirts. The brand is committed to delivering premium shirting with attention to every detail, ensuring that every shirt feels luxurious and looks stylish. They draw inspiration from the elegance of Italian tailoring, which is known for its sophistication and refined craftsmanship.

Thomas Scott’s shirts are designed to be versatile, allowing customers to dress up or dress down based on their needs. For a casual look, the shirts can be worn open at the collar with jeans, giving a relaxed yet polished feel. For more formal occasions, adding a blazer or even a knitted tie creates a smart, preppy style.

Thomas Scott India brand also offers a collection of business casual shirts that are perfect for work settings. These shirts can be worn with chinos, an unstructured blazer, and accessories like a pocket square to complete a professional and stylish outfit. Thomas Scott aims to bring the latest fashion trends to customers while maintaining an aspirational yet affordable wardrobe.