Electronics Mart India September profit rises to Rs 40.15 crore

Electronics Mart India Limited reported consolidated profit of Rs 40.152 crore for the quarter ended 30 September 2026, against Rs 16.142 crore a year earlier, while revenue from operations rose 19.4% to Rs 1,899.738 crore. First-half profit increased to Rs 160.789 crore from Rs 37.759 crore.

How did Electronics Mart India perform in the September quarter?

Electronics Mart India’s profit for the period was Rs 40.152 crore in the September 2026 quarter, compared with Rs 16.142 crore in the September 2025 quarter. Revenue from operations increased by Rs 308.764 crore year on year to Rs 1,899.738 crore, while total income rose to Rs 1,901.575 crore from Rs 1,592.644 crore.

Profit before tax rose to Rs 52.798 crore from Rs 21.627 crore, and basic earnings per share increased to Rs 1.04 from Rs 0.42. The current-quarter result contained no exceptional item, whereas the year-earlier quarter included Rs 15.192 crore of exceptional income, making the reported profit comparison affected by non-recurring items.

Why did Electronics Mart India’s profit rise faster than revenue?

Electronics Mart India’s profit before exceptional items and tax rose to Rs 52.798 crore in the September 2026 quarter from Rs 6.435 crore a year earlier, while revenue grew 19.4%. The September 2025 quarter included Rs 7.527 crore from a full and final insurance settlement following a godown fire and Rs 7.665 crore gain on the transfer of four IQ retail stores.

Purchases of stock-in-trade increased to Rs 2,003.809 crore from Rs 1,561.192 crore, while the inventory-change line was negative Rs 396.896 crore against negative Rs 194.849 crore. Employee benefits rose to Rs 46.368 crore from Rs 39.200 crore, finance costs increased to Rs 39.257 crore from Rs 18.588 crore, and other expenses rose to Rs 115.992 crore from Rs 102.987 crore.

Depreciation and amortisation increased to Rs 41.389 crore from Rs 38.371 crore in the year-earlier quarter. The filing reports one segment, retail and wholesale sales of consumer durable and electronics products through stores and online platforms, and does not allocate the September profit movement between products, physical stores or online sales.

What changed in Electronics Mart India’s working capital and borrowings?

Electronics Mart India’s inventories rose to Rs 1,356.614 crore at 30 September 2026 from Rs 1,240.672 crore at 31 March 2026. The half-year cash-flow statement records a Rs 115.942 crore use of cash from inventory changes, compared with a Rs 23.587 crore cash inflow from that line in the corresponding 2025 half year.

Trade receivables declined to Rs 45.789 crore from Rs 55.317 crore, and the cash-flow statement recorded a Rs 9.528 crore inflow from receivables in the six months to September. Trade payables were Rs 240.850 crore at 30 September 2026, versus Rs 64.065 crore at 31 March, while cash flow from changes in payables was Rs 177.344 crore.

Borrowings excluding lease liabilities declined to Rs 697.578 crore at 30 September 2026 from Rs 891.122 crore at 31 March 2026. Non-current borrowings fell to Rs 180.865 crore from Rs 198.516 crore and current borrowings declined to Rs 516.713 crore from Rs 692.606 crore, while cash and cash equivalents decreased to Rs 23.934 crore from Rs 49.747 crore.

How did Electronics Mart India’s first-half earnings compare with last year?

Electronics Mart India earned Rs 160.789 crore in the half year ended 30 September 2026, compared with Rs 37.759 crore in the corresponding 2025 period. Revenue from operations increased to Rs 4,318.688 crore from Rs 3,330.364 crore, while profit before tax increased to Rs 214.868 crore from Rs 50.525 crore.

The prior-year half year included Rs 7.020 crore of exceptional income, while the current half year had no exceptional item. Basic and diluted earnings per share were Rs 4.18 for the six months, compared with Rs 0.98 a year earlier; Electronics Mart India said half-year and quarterly earnings per share are not annualised.

Net cash generated from operating activities increased to Rs 383.738 crore in the 2026 first half from Rs 271.601 crore a year earlier. Investing activities used Rs 117.810 crore, including Rs 89.524 crore spent on property, plant, equipment and intangible assets, while financing activities used Rs 291.741 crore, including Rs 175.883 crore of net short-term borrowing repayment.

What business does Electronics Mart India report and how were results reviewed?

Electronics Mart India reports a single business segment covering retail and wholesale sales of consumer durable and electronics products through retail stores and online platforms. Its chief operating decision maker reviews the group as a whole for resource allocation and performance assessment, so the filing provides no separate store and online revenue or profit figures for the half year ended 30 September 2026.

The board approved the unaudited consolidated results on 5 November 2026 after review by the audit committee. Walker Chandiok & Co LLP performed a limited review for the quarter and half year ended 30 September 2026 and issued an unmodified review report, stating that nothing had come to its attention indicating a material misstatement.

Conclusion

Electronics Mart India combined a Rs 40.152 crore September-quarter profit with revenue of Rs 1,899.738 crore, and its first-half profit reached Rs 160.789 crore. The comparison with September 2025 includes Rs 15.192 crore of prior-year exceptional income, but profit before exceptional items and tax also rose from Rs 6.435 crore to Rs 52.798 crore.

The disclosed working-capital movements, including a Rs 115.942 crore inventory cash use and Rs 177.344 crore cash contribution from payables in the first half, remain relevant to cash generation. Electronics Mart India also said it continues to monitor developments in the New Labour Code and will evaluate any resulting effect on employee-benefit liabilities.