{"id":6466,"date":"2022-01-17T18:39:35","date_gmt":"2022-01-17T13:09:35","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=6466"},"modified":"2022-01-17T18:39:35","modified_gmt":"2022-01-17T13:09:35","slug":"metro-brands-mbl-q3-earnings","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/metro-brands-mbl-q3-earnings\/","title":{"rendered":"Metro Brands Hits 20% Upper Circuit After Strong Q3 Earnings"},"content":{"rendered":"\n<p>On the back of strong Q3 results, footwear retail chain <a href=\"https:\/\/www.tickertape.in\/stocks\/metro-brands-METR?checklist=basic&amp;utm_source=blog&amp;utm_medium=article\" target=\"_blank\" rel=\"noreferrer noopener\">Metro Brands (MBL)<\/a> hit the 20% <a href=\"https:\/\/blog.tickertape.in\/stock-trading-halt-circuit-breaker-and-its-significance\/?utm_source=blog&amp;utm_medium=article\" rel=\"nofollow noopener\" target=\"_blank\">upper circuit<\/a> limit of Rs. 609.50 apiece on <a href=\"https:\/\/www.tickertape.in\/blog\/national-stock-exchange\/\">NSE<\/a>. The company reported a 54.63% jump in its consolidated net profit at Rs. 100.85 cr. for the quarter under review. In the same quarter last fiscal, the company had posted a net profit of Rs. 65.22 cr.<\/p>\n\n\n\n<p>Further, its total revenue from operations was up 59.02% y-o-y at Rs. 483.77 cr. MBL\u2019s total expenses increased 47.26% y-o-y to Rs. 362.59 cr. against Rs. 246.21 cr. a year ago.<\/p>\n\n\n\n<p>As per CEO Nissan Joseph, the quarter was the best in terms of quarterly revenue, <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-ebitda\/\">EBITDA<\/a>, and PAT in the company&#8217;s history. He said, \u201cWe also are encouraged by the growth we have witnessed across the multiple Tiers of cities that we operate in and the continued growth of our <a href=\"https:\/\/www.tickertape.in\/blog\/buying-stocks-gets-as-convenient-as-making-online-purchases\/\">e-commerce<\/a> and omnichannel business.\u201d<\/p>\n\n\n\n<p>As of 31 December&nbsp; 2021, Metro Brands operated 629 stores across 140 cities in India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metro Brands (MBL) hit the 20% upper circuit limit on reporting a 54.63% jump in its consolidated net profit at Rs. 100.85 cr. for Q3.<\/p>\n","protected":false},"author":27,"featured_media":6468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[10,1749],"tags":[],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2022\/01\/10-3.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6466"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=6466"}],"version-history":[{"count":1,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6466\/revisions"}],"predecessor-version":[{"id":6467,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/6466\/revisions\/6467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/6468"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=6466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=6466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=6466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}