Multi-brand retail chain V-Mart Retail on Wednesday reported a net profit of Rs 58.22 crore for the quarter ended on December 31, 2019.
The company had posted a net profit of Rs 41.68 crore for the corresponding period of 2018-19, V-Mart said in a filing to the BSE.
The consolidated total income stood at Rs 562.58 crore for the quarter under consideration. It was Rs 467.55 crore for the same period year ago.
"In the statement of profit and loss for the current period, operating lease expenses have been changed from rent to depreciation charge...To this extent performance for the quarter and nine-month period ending December 31, 2019 is not comparable with the previous period results," the company said.
Shares of V-Mart closed at Rs 2,108 per scrip on the BSE, up 4.19 per cent over previous close.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app