Integrated Filing — IndAS

General information about company
Scrip Code	532638
NSE Symbol	SHOPERSTOP
MSEI Symbol	NOTLISTED
ISIN	INE498B01024
Name of company	SHOPPERS STOP LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	29-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	22-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Half Yearly
Reporting Quarter	Yearly
Nature of report standalone or consolidated	Consolidated
Whether results are audited or unaudited for the quarter ended	Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Operating Segment
Start date and time of board meeting	29-Apr-2025   14:30:00
End date and time of board meeting	29-Apr-2025   17:35:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	10640000000	46276400000
	Other income	182800000	541200000
	Total income	10822800000	46817600000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	5573100000	30820600000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	410400000	-3548800000
(d)	Employee benefit expense	1065800000	4248700000
(e)	Finance costs	702600000	2612000000
(f)	Depreciation, depletion and amortisation expense	1254200000	4943200000
(f)	Other Expenses
1	Other expenses	1891500000	7671800000
	Total other expenses	1891500000	7671800000
	Total expenses	10897600000	46747500000
3	Total profit before exceptional items and tax	-74800000	70100000
4	Exceptional items	20500000	0
5	Total profit before tax	-54300000	70100000
6	Tax expense
7	Current tax	-50200000	-29800000
8	Deferred tax	-24000000	-9000000
9	Total tax expenses	-74200000	-38800000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	19900000	108900000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	19900000	108900000
17	Other comprehensive income net of taxes	-6100000	-11700000
18	Total Comprehensive Income for the period	13800000	97200000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	19900000	108900000
	Total profit or loss, attributable to non-controlling interests	0	0
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	-6100000	-11700000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	0	0
21	Details of equity share capital
	Paid-up equity share capital	550300000	550300000
	Face value of equity share capital	5	5
27	Details of debt securities
22	Reserves excluding revaluation reserve		2661700000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.18	0.99
	Diluted earnings (loss) per share from continuing operations	0.18	0.99
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.18	0.99
	Diluted earnings (loss) per share from continuing and discontinued operations	0.18	0.99
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		A. Grouping details in asset and liabilities na. Other non current assets includes Rs. 2,388.73 crs as Right to use asset nb. Other non current financial liabilities includes Rs.2,668.13 crs as non current lease liabilities nc. Other current financial liabilities includes Rs.305.85 crs as current lease liabilities n nB. Cahflow notes na. Proceeds from issuing equity shares includes securities premium on issue of equity shares of Rs. 2.51 crs nb. Proceeds from borrowing includes both long term and short term borrowings nc. Repayment of borrowing includes both long term and short term borrowings nd. Payments of lease liabilities includes both principal and interest ne. Other adjustments to reconcile profit includes: nAllowance for doubtful debts/advances (Rs.0.64 crs) nProfit on sale of property, plant and equipment (Rs. 0.30 crs) nGain on account of remeasurement in lease term (Rs. 33.77 crs) nProfit on sale of mutual fund (Rs. 0.25 crs) nInterest (time value) recognised on interest free lease deposit (Rs. 12.61 crs) nf. Proceeds from sale of long term assets includes proceeds of sale of mutual fund Rs. 215.24 crs and proceeds of sale of investment in equity shares Rs. 0.43 crs ng. Other inflow consost of redemption of fixed deposit of Rs. 5.55 crs nh. (Increase)/decrease in financial asset includes (Increase)/decrease in lease deposits and (Increase)/decrease in non current asset ni. (Increase)/decrease in Trade payable includes, movement of other financial and other current liabilities n nNotes to accounts n1. The above financial results have been prepared in accordance with Indian Accounting Standards as precribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. n n2. The Company is primarily engaged in the business of retail trade through retail and departmental store facilities in India, which in the terms of Ind AS 108 on 'Operating Segments', constitutes a single reporting segment. n n3. The Consolidated Financial results of Shoppers Stop limited and its subsidiaries namely, Gateway Multichannel Retail (India) Limited, Shoppers Stop Brands (India) Limited (formerly known as Shoppers Stop Services (India) Limited), Global SS Beauty Brands Limited ( formerly known as Upasna Trading Limited) and Shopper's Stop.Com (India) Limited are consolidated in accordance with Ind AS 110 on Consolidation of Financial Statements. n n4. Pursuant to levy of service tax on renting of immovable properties given for commercial use, retrospectively with effect from 1 June, 2007, the Company has based on a legal advice, challenged the said levy and, inter-alia, its retrospective application. Pending the final disposal of the matter, which is presently before the Supreme Court, the Company continues not to provide for the retrospective levy aggregating Rs 20.11 Crores in consolidated results (Standalone Rs 16.60 Crores ) for the period 1 June 2007 to 31 March 2010 fully paid under protest. n n5. For the quarter ended 31 March 2025, exceptional items of Rs 2.05 crores represents gain on account of claim settled by the insurance company towards stock damaged at one of the Company store. n nFor the quarter ended 31 March 2024, the exceptional items of Rs 1.59 crores comprises: na. Loss of Rs 5.70 crores towards impairment of Property, Plant and Equipment and Right of Use assets on three retail stores. nb. Gain of Rs. 4.11 crores on account of a claim acknowledged by the insurance company towards losses incurred due to fire. n nFor the year ended 31 March 2024, the exceptional items of Rs 6.49 crores comprises: na. Loss of Rs 5.70 crores towards impairment of Property, Plant and Equipment and Right of Use assets on three retail stores. nb. Net loss on account of stock damaged due to fire and claim acknowledged by the insurance company amounting to Rs 0.79 crores. n n6. During the year, the Company has granted 2,94,767 Employee Stock Options (ESOP’s) under ESOP Scheme 2022, (for the previous year ended 31 March 2024 : 84,237 under ESOP 2022 Scheme) and 1,47,383 ( for the previous year ended 31 March 2024: 38,060) Restricted Stock Units to eligible employees, under ESOP 2022 Scheme.1,09,584 ( previous year 3,01,658) Employee stock options have been exercised during the year. n n7. During the quarter and year ended 31st March 2025, the Company has re-assessed its tax positions based on the completion of recent tax assessments and accordingly Rs 5.73 crores has been credited to the statement of profit and loss account as tax adjustment pertaining to earlier years. n n8. The above financial results have been reviewed and recommended by the Audit Committee and have been approved and taken on records by the Board of Directors at its meetings held on 29 April,2025. n n9. The standalone and consolidated figures of the last quarter are the balancing figure between the audited figures in respect of the full financial year upto 31 March, 2025 and 31 March, 2024 and the unaudited year-to-date figures upto 31 December, 2024 and 31 December,2023 being the date of the end of the third quarter of the financial year which were subjected to limited review. n n10. The previous period's figures have been regrouped / rearranged wherever necessary to conform to the current period's classification(s).

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	5396800000
	Capital work-in-progress	53400000
	Investment property	0
	Goodwill	0
	Other intangible assets	428100000
	Intangible assets under development	74800000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	34900000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	1697400000
	Total non-current financial assets	1732300000
	Deferred tax assets (net)	3115700000
	Other non-current assets	24546000000
	Total non-current assets	35347100000
2	Current assets
	Inventories	20414400000
	Current financial asset
	Current investments	0
	Trade receivables, current	649200000
	Cash and cash equivalents	139600000
	Bank balance other than cash and cash equivalents	600000
	Loans, current	200000
	Other current financial assets	671100000
	Total current financial assets	1460700000
	Current tax assets (net)	0
	Other current assets	3724000000
	Total current assets	25599100000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	60946200000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	550300000
	Other equity	2661700000
	Total equity attributable to owners of parent	3212000000
	Non controlling interest	0
	Total equity	3212000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	958300000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	26681300000
	Total non-current financial liabilities	27639600000
	Provisions, non-current	400000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	27640000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	2442800000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	333700000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	22334900000
	Total Trade payable	22668600000
	Other current financial liabilities	3931400000
	Total current financial liabilities	29042800000
	Other current liabilities	1032400000
	Provisions, current	2300000
	Current tax liabilities (Net)	16700000
	Deferred government grants, Current	0
	Total current liabilities	30094200000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	57734200000
	Total equity and liabilites	60946200000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

A. Grouping details in asset and liabilities na. Other non current assets includes Rs. 2,388.73 crs as Right to use asset nb. Other non current financial liabilities includes Rs.2,668.13 crs as non current lease liabilities nc. Other current financial liabilities includes Rs.305.85 crs as current lease liabilities n nB. Cahflow notes na. Proceeds from issuing equity shares includes securities premium on issue of equity shares of Rs. 2.51 crs nb. Proceeds from borrowing includes both long term and short term borrowings nc. Repayment of borrowing includes both long term and short term borrowings nd. Payments of lease liabilities includes both principal and interest ne. Other adjustments to reconcile profit includes: n Allowance for doubtful debts/advances (Rs.0.64 crs) n Profit on sale of property, plant and equipment (Rs. 0.30 crs) n Gain on account of remeasurement in lease term (Rs. 33.77 crs) n Profit on sale of mutual fund (Rs. 0.25 crs) n Interest (time value) recognised on interest free lease deposit (Rs. 12.61 crs) nf. Proceeds from sale of long term assets includes proceeds of sale of mutual fund Rs. 215.24 crs and proceeds of sale of investment in equity shares Rs. 0.43 crs ng. Other inflow consost of redemption of fixed deposit of Rs. 5.55 crs nh. (Increase)/decrease in financial asset includes (Increase)/decrease in lease deposits and (Increase)/decrease in non current asset ni. (Increase)/decrease in Trade payable includes, movement of other financial and other current liabilities n nNotes to accounts n1. The above financial results have been prepared in accordance with Indian Accounting Standards as precribed under section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. n n2. The Company is primarily engaged in the business of retail trade through retail and departmental store facilities in India, which in the terms of Ind AS 108 on 'Operating Segments', constitutes a single reporting segment. n n3. The Consolidated Financial results of Shoppers Stop limited and its subsidiaries namely, Gateway Multichannel Retail (India) Limited, Shoppers Stop Brands (India) Limited (formerly known as Shoppers Stop Services (India) Limited), Global SS Beauty Brands Limited ( formerly known as Upasna Trading Limited) and Shopper's Stop.Com (India) Limited are consolidated in accordance with Ind AS 110 on Consolidation of Financial Statements. n n4. Pursuant to levy of service tax on renting of immovable properties given for commercial use, retrospectively with effect from 1 June, 2007, the Company has based on a legal advice, challenged the said levy and, inter-alia, its retrospective application. Pending the final disposal of the matter, which is presently before the Supreme Court, the Company continues not to provide for the retrospective levy aggregating Rs 20.11 Crores in consolidated results (Standalone Rs 16.60 Crores ) for the period 1 June 2007 to 31 March 2010 fully paid under protest. n n5. For the quarter ended 31 March 2025, exceptional items of Rs 2.05 crores represents gain on account of claim settled by the insurance company towards stock damaged at one of the Company store. n nFor the quarter ended 31 March 2024, the exceptional items of Rs 1.59 crores comprises: na. Loss of Rs 5.70 crores towards impairment of Property, Plant and Equipment and Right of Use assets on three retail stores. nb. Gain of Rs. 4.11 crores on account of a claim acknowledged by the insurance company towards losses incurred due to fire. n nFor the year ended 31 March 2024, the exceptional items of Rs 6.49 crores comprises: na. Loss of Rs 5.70 crores towards impairment of Property, Plant and Equipment and Right of Use assets on three retail stores. nb. Net loss on account of stock damaged due to fire and claim acknowledged by the insurance company amounting to Rs 0.79 crores. n n6. During the year, the Company has granted 2,94,767 Employee Stock Options (ESOP’s) under ESOP Scheme 2022, (for the previous year ended 31 March 2024 : 84,237 under ESOP 2022 Scheme) and 1,47,383 ( for the previous year ended 31 March 2024: 38,060) Restricted Stock Units to eligible employees, under ESOP 2022 Scheme.1,09,584 ( previous year 3,01,658) Employee stock options have been exercised during the year. n n7. During the quarter and year ended 31st March 2025, the Company has re-assessed its tax positions based on the completion of recent tax assessments and accordingly Rs 5.73 crores has been credited to the statement of profit and loss account as tax adjustment pertaining to earlier years. n n8. The above financial results have been reviewed and recommended by the Audit Committee and have been approved and taken on records by the Board of Directors at its meetings held on 29 April,2025. n n9. The standalone and consolidated figures of the last quarter are the balancing figure between the audited figures in respect of the full financial year upto 31 March, 2025 and 31 March, 2024 and the unaudited year-to-date figures upto 31 December, 2024 and 31 December,2023 being the date of the end of the third quarter of the financial year which were subjected to limited review. n n10. The previous period's figures have been regrouped / rearranged wherever necessary to conform to the current period's classification(s).

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Oct-2024	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Unaudited	Audited
Nature of report standalone or consolidated		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Unaudited	Audited
D	Nature of report standalone or consolidated	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement of employee defined benefit obligation	-8200000	-15700000
	Total Amount of items that will not be reclassified to profit and loss	-8200000	-15700000
2	Income tax relating to items that will not be reclassified to profit or loss	-2100000	-4000000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-6100000	-11700000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Unaudited
D	Nature of report standalone or consolidated			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			70100000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			2612000000
	Adjustments for decrease (increase) in inventories			-3548800000
	Adjustments for decrease (increase) in trade receivables, current			184100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			-1008200000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			2708000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			4943200000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			-15000000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			2000000
	Adjustments for share-based payments			76200000
	Adjustments for fair value losses (gains)			5200000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-475700000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			5479000000
	Net cash flows from (used in) operations			5549100000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			63900000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			5485200000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			33100000
	Purchase of property, plant and equipment			1824200000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			2156700000
	Purchase of other long-term assets			2150000000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			36600000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			55500000
	Net cash flows from (used in) investing activities	-1690300000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			25600000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			1850000000
	Repayments of borrowings			509700000
	Payments of lease liabilities			5294100000
	Dividends paid			0
	Interest paid			158900000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-4087100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-292200000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-292200000
	Cash and cash equivalents cash flow statement at beginning of period			-399200000
	Cash and cash equivalents cash flow statement at end of period			-691400000