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Intrasoft’s revenues up 32% YoY to Rs 284.4Cr in Q4FY18

Intrasoft Technologies Limited, which runs the multi-channel e-commerce retail platform 123Stores.com, posted revenues of Rs 284.4 crore for the quarter ended March 31st, 2018 (Q4FY18), up 32% year-on-year (YoY) from Rs 216.1 crore in the same quarter last year. In the previous quarter, the company had posted revenues of Rs Rs 338 crore.

Earnings from operations stood at Rs 1.57 crore, as compared to a deficit of Rs 78.3 lakh in the same quarter last year. The company’s EBITDA for the quarter stood at Rs 3 crore, growing from Rs 1 crore in Q3 FY17.

The company reported a net profit of Rs 1.1 crore, as compared to net loss of Rs 77.8 lakh in the same quarter last year.

The cost of goods sold (including shipping costs) stood at Rs 240 crore for the quarter, up 36.8 % from Rs 175.4 crore in the corresponding quarter last year. It represented 84.3 % of the company’s revenues.

Intrasoft’s managing director, Arvind Kajaria mentioned that company’s working capital requirement reduced to 15 days during ‘Q4FY18, in comparison to 18 days during Q4FY17, an improvement of 17% YoY, while continuing to grow revenues.

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Number of orders: For the third quarter running, Intrasoft hasn’t provided details about the number of orders it shipped during the quarter, number of products (stock keeping units), suppliers or top selling categories. The company’s quarterly presentation carries a few indicative graphs, but with no mention of any numbers for reference. However, it did provide details in regards to these in Q3 FY17, when the number of orders fulfilled stood at 1.01 million, which was up 24% YoY. If indicative graph to be referred, then the numbers in Q4FY18 seems have grown in comparison to the same quarter last year, however, it decreased from the previous quarter.

Top selling categories: Similarly, in case of top selling categories, the graph provided in the presentation indicates which ones are the most popular categories, but doesn’t provide the percentage break-up. In Q4 FY18, the furniture, patio, lawn & garden category was the top selling, followed by musical instruments & gadgets, toys, games & baby, kitchen, dining & appliances, sports & outdoor, and finally home improvement & art crafts.’

Download: Press releasePresentation

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