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.