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Avenue Supermarts Q2 net jumps 65.2% at Rs 191.02 crore

Its total revenue for the first half of this fiscal stood at Rs 7,106 crore

Press Trust of India  |  New Delhi 

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Avenue Supermarts, which runs the chain, today posted a 65.18 per cent jump in its net at Rs 191.02 crore for the quarter ended September 30.

The company had reported a net of Rs 115.64 crore in the corresponding quarter a year ago.

Its total in the quarter under review stood at Rs 3,529.47 crore, up 26.65 per cent, against Rs 2,786.77 crore in the year-ago period, said in a filing.

For the half year period ended September 30, 2017, the company's net grew by 56.3 per cent to Rs 366 crore, as compared to Rs 234 crore a year ago.

Its total for the first half of this fiscal stood at Rs 7,106 crore as compared to Rs 5,431 crore during the period.

listed on the stock exchanges with a blockbuster listing in March this year, making Radhakishan Damani the founder of the company and a low-profile investor a part of India's richest 20 club.

At present, the company operates 136 stores in Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Punjab and Chhattisgarh.

First Published: Sat, October 14 2017. 18:03 IST