V-Mart Retail shares surged over 14 percent in trade to a fresh 52-week high on August 6 after the retail player's earnings show for the quarter ended June came in ahead of expectations.
At 10 am, shares of V-Mart Retail were quoting Rs 3,592.9 on the NSE, higher by 9.7 percent.
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V-Mart Retail reported a profit-after-tax of Rs 12 crore for the June quarter, turning around from a loss of Rs 22 crore reported in the same quarter last year.
The firm's revenues of Rs 786 crore in Q1, up 16 percent on-year and EBITDA increased by 89 percent to Rs 99 crore.
The same store sales (SSSG) grew by 11 percent YoY for the quarter, led by footfall growth. The inventory as at period end stood at Rs 671 crores, down Rs 54 crore on-year (YoY), improving the working capital.
"The Company remains focused on its store expansion plan and has opened 7 new stores in Q1 FY25 and closed 3 underperforming stores, taking the total number of stores pan-India to 448 as at quarter end," said V-Mart Retail in an exchange filing.
Shares of the company have gained around 57 percent over the past year, as against a 22 percent gain in the Nifty 50.
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