METROBRAND2023-07-012023-09-30 METROBRAND2023-07-012023-09-30 METROBRAND2023-07-012023-09-30in-bse-fin:OneOperatingExpenses01Member METROBRAND2023-07-012023-09-30in-bse-fin:FourOperatingExpenses01Member METROBRAND2023-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 543426 METROBRAND NOTLISTED Metro Brands Limited Equity 2023-04-01 2024-03-31 2023-10-19 2023-10-12 INR Crores Half yearly 16:10:00 18:15:00 2023-10-19 2023-10-19 true Cash Flow Indirect Not applicable Single segment Retail Footwear 2023-07-01 2023-09-30 Unaudited Consolidated 5557020000.00 161500000.00 5718520000.00 0.00 2094390000.00 306190000.00 552790000.00 197140000.00 571640000.00 1049860000.00 4772010000.00 946510000.00 0.00 946510000.00 291600000.00 -16230000.00 275370000.00 0.00 671140000.00 0.00 0.00 0.00 5060000.00 676200000.00 -380000.00 675820000.00 666910000.00 9300000.00 666530000.00 9300000.00 1358670000.00 5 2.45 2.44 0.00 0.00 2.45 2.44 0.00 0.00 0.00 1.The above results have been prepared in accordance with the Indian Accounting Standard (Ind AS) - 34 Interim Financial Reporting as prescribed under Section 133 of the Companies Act, 2013, read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, as amended. The unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on October 19, 2023. The statutory auditors of the Parent have carried out limited review of the standalone financial results for the quarter and six months ended September 30, 2023 and have issued an unmodified conclusion. 2.During the financial year ended March 31, 2022, the Parent has completed IPO of 27,350,100 equity shares of face value of Rs 5 each at an issue price of Rs 500 per share, comprising of fresh issue of 5,900,000 shares and offer for sale of 21,450,100 by selling shareholders. Pursuant to the IPO, the equity shares of the Parent were listed on National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on December 22, 2021. The Parent has received an amount of Rs 284.93 Crore (net off estimated IPO expenses of Rs 10.07 Crore) from proceeds out of fresh issue of equity shares. During the quarter ended September 30, 2022, the Parent has finalised IPO issue expenses and there has been saving of Rs 2.38 Crore in the original estimate of IPO issue expenses (Parent’s share) . This has resulted increase in total available fund net off IPO expenses from Rs 284.93 Crore to Rs 287.31 Crore. This saving in IPO expenses of Rs 2.38 Crore is adjusted in General Corporate Purpose. 3.During the quarter ended September 30, 2023 , the Parent has granted 161,947 Employee Stock Options to eligible employees under Employee Stock Options Plan 2008 (ESOP 2008) (for the quarter ended June 30, 2023 : 34,538, for the quarter ended September 30, 2022 : 210,546). During the quarter ended September 30, 2023 , no Employee Stock Options have been exercised (for the quarter ended June 30, 2023 : 795, for the quarter ended September 30, 2022: Nil) 4.The Group's only business being trading of fashion footwear, bags and accessories operating in the premium and economy category, which in terms of Ind AS 108 - 'Operating Segments' constitutes a single reporting segment. Further, there is no geographical segment to be reported since all the operations are undertaken in India. 5.On December 1, 2022, the Parent acquired 100% equity share capital, optionally convertible debentures and compulsorily convertible preference shares of Metro Athleisure Limited (formerly known as Cravatex Brands Limited) for an enterprise value of Rs 202.17 crores. Consequently, it became a wholly-owned subsidiary of the Parent from aforesaid date. Accordingly, the consolidated financial results for the quarter and six months ended September 30, 2023, quarter ended June 30, 2023 and year ended March 31, 2023 include results of Metro Athleisure Limited and hence are not comparable with the consolidated financial results for the quarter and six months ended September 30, 2022. 6.The Board of Directors of the Parent at its meeting held on May 23, 2023 had recommended payment of final dividend of Rs 1.50 per equity share which was approved by shareholders in the Annual General Meeting (AGM) held on September 13, 2023 and paid by the Parent during the quarter ended September 30, 2023. 7.Previous year/ period figures are regrouped and rearranged wherever necessary. Single segment 2023-04-01 2023-09-30 Unaudited Consolidated 11382220000.00 305200000.00 11687420000.00 0.00 5375480000.00 -591230000.00 1085370000.00 382100000.00 1114150000.00 2092930000.00 9458800000.00 2228620000.00 0.00 2228620000.00 681800000.00 -53240000.00 628560000.00 0.00 1600060000.00 0.00 0.00 0.00 11200000.00 1611260000.00 -1120000.00 1610140000.00 1595260000.00 16000000.00 1594140000.00 16000000.00 1358670000.00 5 5.87 5.84 0.00 0.00 5.87 5.84 0.00 0.00 0.00 Other Expenses 1049860000.00 Other Expenses 2092930000.00 279960000.00 3377120000.00 129410000.00 0.00 409120000.00 1228570000.00 7210000.00 116070000.00 13400000.00 0.00 0.00 792900000.00 806300000.00 102330000.00 9426450000.00 15602580000.00 7048740000.00 5232690000.00 1304320000.00 325660000.00 1496040000.00 15810000.00 180710000.00 8555230000.00 0.00 433340000.00 16037310000.00 31639890000.00 1358670000.00 15377070000.00 16735740000.00 17015700000.00 0.00 0.00 0.00 0.00 12160000.00 9267000000.00 9279160000.00 0.00 2905200000.00 349720000.00 3254920000.00 1850300000.00 103740000.00 136070000.00 0.00 5345030000.00 0.00 0.00 14624190000.00 31639890000.00 382090000.00 -591180000.00 -156420000.00 0.00 220160000.00 -4850000.00 -91090000.00 -5950000.00 171340000.00 -29030000.00 0.00 68480000.00 -13430000.00 1114150000.00 0.00 -25540000.00 1040000.00 13090000.00 0.00 0.00 1640000.00 202940000.00 71860000.00 -48290000.00 0.00 0.00 0.00 -12400000.00 0.00 859450000.00 3088070000.00 0.00 10310000.00 0.00 562300000.00 0.00 2515460000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8500000.00 661300000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1640000.00 201120000.00 0.00 -518500000.00 0.00 -968540000.00 0.00 0.00 410000.00 0.00 0.00 0.00 0.00 0.00 0.00 15230000.00 0.00 1117100000.00 407600000.00 0.00 0.00 0.00 -1539520000.00 7400000.00 0.00 7400000.00 318310000.00 325710000.00 380000.00 1120000.00