The shares of V-Mart Retail surged over 14% to touch the level of 52 weeks high at ₹ 3,299 on August 6, after the company delivered a strong performance in the quarter ended June, ahead of the market expectations.
At 10 am, V-Mart Retail was trading its shares in the NSE at the rate of Rs 3,592.9, up by 9.7 percent.
After tax, V-Mart had reported a profit of Rs 12 crore for the June quarter, which marked a huge turnaround compared with Rs 22 crore in the same period of the previous fiscal year. Its RB grew 16% year-on-year to Rs 786 crore, and EBITDA rose by 89% to Rs 99 crore.
SSSG grew by 11% yoy basis, led by higher footfalls. Inventories at the end of FY19 were at Rs 671 crore, Rs 54 crore lower than the previous year resulting to better working capital. In a company stock exchange filing, V-Mart Retail said, “The company remains focused on its store expansion plan and has opened 7 new stores in Q1 FY25 while closing 3 underperforming stores; taking the total number of stores across India to 311 at the end of the quarter.”
Over the last one year, V-Mart shares have surged almost 57 percent, compared to a 22 percent gain in the Nifty 50 index.
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Source: Moneycontrol
News Desk
