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Intrasoft’s revenues down 4% YoY to Rs 266.7 Cr in Q1FY19

Intrasoft Technologies, which runs the multi-channel e-commerce retail platform 123Stores.com, has posted revenues of Rs 266.7 crore for the quarter ended June 30, 2018 (Q1FY19), down 4.06% year-on-year (YoY) from Rs 255.93 crore in the same quarter last year. These are calculated at the current exchange rate since Intrasoft’s earnings are declared in USD. In the previous quarter, the company had posted revenues of Rs 305.03 crore, which, at that time’s exchange rate, came out to Rs 284.4 crore.

Earnings from operations stood at Rs 1.37 crore, as compared to a deficit of Rs 5.3 crore in the same quarter last year. The company’s EBITDA for the quarter stood at Rs 1.82 crore, reducing from Rs 5.3 crore on a YoY basis.

The company reported a net profit of Rs 15.9 lakhs, as compared to net profit of Rs 3.6 crore in the same quarter last year. This was a fall of 99.56%.

The cost of goods sold (including shipping costs) stood at Rs 219.35 crore for the quarter, up 3.4 % from Rs 212.13 crore in the same quarter last year. It represented 84.92% of the company’s revenues.

Number of orders: For the fourth running quarter, 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.

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The company’s quarterly presentation carries a few indicative graphs, albeit without any numbers for reference. However, it did provide these details in Q3 FY17, when the number of orders fulfilled stood at 1.01 million, which was up 24% YoY. If we look at indicative graph, then the numbers in Q4FY18 (the previous quarter) seems have grown in comparison to the same quarter last year, however, it decreased from the previous quarter. For Q1FY19, the presentation provides less granularity, and does not provide the information shown below, which is taken from the previous quarter’s presentation.

Top selling categories: Similarly, in case of top selling categories, the graph provided in the presentation indicates 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. This data is also not provided for Q1FY19. Below data is from previous quarter.

Download: Press releaseResults | Presentation

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I cover the digital content ecosystem and telecom for MediaNama.

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