Moneycontrol
Aug 21, 2017 05:58 PM IST | Source: PTI

V-Mart's Q1 PAT at Rs 22.3 crore; total income at Rs 315.12 crore

Total income during the quarter under review stood at Rs 315.12 crore as against Rs 228.56 crore in the year-ago period.

V-Mart's Q1 PAT at Rs 22.3 crore; total income at Rs 315.12 crore

Multi-brand retail chain V-Mart Retail on Friday reported a net profit at Rs 22.3 crore for the June quarter.

The figure is lower than the net profit of Rs 93.6 crore during the same period of the previous fiscal.

Total income during the quarter under review stood at Rs 315.12 crore as against Rs 228.56 crore in the year-ago period.

V-Mart Retail CMD Lalit Agarwal attributed the profit to longer marriage season and preponement of Eid festivities from the second quarter.

On the outlook, he said: "Though the upcoming quarter is the weakest quarter in the Indian retail industry, our business outlook remains positive and V-Mart looks forward to grow consistently."

Stock of the company closed 0.31 percent higher at Rs 1,220.60 apiece on BSE.
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