VMART Shares Go Up

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V-Mart Re­tail zoomed 19% to Rs 1,459 on BSE in in­tra-day trade af­ter the com­pany re­ported a more than dou­ble net profit of Rs 22 crore in June quar­ter (Q1FY18), on back of healthy op­er­a­tional per­for­mance. It had profit of Rs 9.37 crore in year ago quar­ter. V-mart Re­tail, a medium-sized hy­per­mar­ket for­mat re­tail chain based in New Delhi, had posted net profit of Rs 39.52 crore dur­ing the en­tire pre­vi­ous fi­nan­cial year 2016-17 (FY17).

Op­er­a­tional rev­enue dur­ing the quar­ter in­creased 39% to Rs 315 crore from Rs 227 crore in the cor­re­spond­ing quar­ter of pre­vi­ous fis­cal. Earn­ings be­fore in­ter­est, tax­a­tion, de­pre­ci­a­tion and (EBITDA) too grew 107% to Rs 37 crore over the pre­vi­ous year quar­ter. Ebitda mar­gin ex­panded 380 bps to 11.75% in Q1FY8 from 7.92% in Q1FY17.

Though the up­com­ing quar­ter is the weak­est quar­ter for the In­dian re­tail in­dus­try, the com­pany’s busi­ness out­look re­mains pos­i­tive, V-mart Re­tail said in a press re­lease.

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