DMart Q4 results: Net profit up 8.3% to ₹505.21 cr, revenue up 21%
Avenue Supermarts on Saturday reported standalone profit after tax rose by 8.3 per cent to ₹505.21 crore crore for the quarter ended March2023. This is against a profit of ₹466.35 crore in the corresponding quarter last fiscal.
Radhakishan Damani-owned Avenue Supermarts, which runs DMart chain, reported revenue from operations were up by 21.11 per cent to ₹10,337.12 crore as against ₹8,606.09 crore in the corresponding quarter in last fiscal.
During the March quarter, DMart’s margins decreased to 7.6 per cent as compared to 8.6 per cent on a year-on-year basis while earnings before interest, taxes, depreciation, and amortization (EBITDA) was up 5.5 per cent at ₹783 crore.
On Friday, the company’s scrip ended 0.62 per cent lower at ₹3680.25 on BSE.
(This is a breaking story, more to come.)
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