The stock of retail sector company Spencers Retail has seen a sharp decline in Thursday's trading. According to the released data, the company has reported a loss in the third quarter while the income has declined by 21 percent. However, the company's EBITDA has increased by 8 percent while the margins have also improved. During this period, the company's expenses have also come down by more than 20 percent. However, the company's finance cost has increased compared to last year. After the results, the stock has seen a sharp decline. The stock has fallen by more than 6 percent.

How were the quarterly results?

The company has informed the stock market that its loss in the December quarter was Rs 47 crore, which was Rs 51 crore a year ago. At the same time, the company's income has fallen by 21 percent and has come down from Rs 654 crore to Rs 517 crore on a year-on-year basis. At the same time, the company's expenses have come down from Rs 711 crore to Rs 567 crore. However, the company's finance cost has increased from Rs 37.7 crore to around Rs 41 crore as compared to last year. According to the data, EBITDA has increased by 8 percent to Rs 13 crore, which was Rs 12 crore a year ago. Margins have been 2.5 percent, which was 1.8 percent a year ago. How was the performance of the stock? There has been a decline in the stock along with the results. Today the stock reached the level of 85.6 as compared to the previous closing level of 92.77. That is, there has been a decline of 7.7 percent in the stock. The stock's highest level of the year is 139.4, which was recorded on February 1 last year. At the same time, the lowest level of the year is 73.85, which was recorded on June 4, 2024.