Avenue Supermarts, which operates the retail chain DMart, on April 5 reported standalone revenue from operations of Rs 10,337 crore in the quarter ended March 31, 2023, up 20 percent from Rs 8,606 crore in the same quarter last fiscal.
Meanwhile, shares of DMart on April 5 closed 2.8 percent higher at Rs 3,654.15 a piece on the BSE. So far this year, the stock is down 10.31 percent. DMart's scrip hit 52-week high of Rs 4,606 apiece.
Additionally, the total number of stores as of March 31, 2023, stood at 324, Avenue Supermarts said in an exchange filing. This is a nearly 6 percent increase from the December-end number.
In its December quarter, the company reported a 6.6 percent rise in consolidated post-tax profit at Rs 590 crore as against Rs 553 crore in the same quarter of the previous year.
Total revenue for the October-December quarter stood at Rs 11,569 crore, as compared to Rs 9,218 crore in the same period last year, Avenue Supermarts said in a stock exchange filing on January 14. This indicates a growth of 25.5 percent YoY.
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) for the company in Q3FY23 came in at Rs 965 crore, as against Rs 866 crore in the corresponding quarter of the last year, up by 11.4 percent. EBITDA margin, however, had declined to 8.3 percent from 9.4 percent in Q3 FY22.
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