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V-Mart Retail
V-Mart Retail Ltd on Tuesday reported an over two-fold increase in its net profit to Rs 71.63 crore for the third quarter ended December 2024. The company had posted a net profit of Rs 28.23 crore in the October-December quarter of the previous fiscal, according to a regulatory filing. Its revenue from operations was up 15.5 per cent to Rs 1,026.73 crore in the latest December quarter. It was Rs 889.05 crore in the corresponding period of the previous fiscal. V-Mart's total expenses in the December quarter were up 11 per cent to Rs 960.37 crore. The total income of V-Mart, which includes other income, in the reporting quarter, was at Rs 1,030.11 crore, up 14.2 per cent year on year. "The company remains focused on its store expansion plan and opened 21 new stores in Q3 FY25, taking the total number of stores pan-India to 488 as at quarter end," said V-Mart in its earnings statement. Shares of V-Mart Retail Ltd on Tuesday settled at Rs 3,488.45 apiece, up 3.94 per cent from the .
V-Mart Retail Ltd on Monday reported a 41.36 per cent increase in net profit to Rs 28.23 crore for the third quarter ended December 2023, helped by the festive season. It had reported a net profit of Rs 19.97 crore in the October-December period a year ago, according to a regulatory filing by the value retailer. Its revenue from operations was up 14.43 per cent to Rs 889.05 crore during the quarter under review. It was at Rs 776.88 crore in the corresponding quarter. "Good festive demand in the quarter helped increase footfalls by 23 per cent reflecting an improved consumer sentiment. Winter season was delayed and remained muted during the quarter. Working capital improved with a decrease in inventory by 12 per cent from last quarter," said an earning statement from the company. V Mart's total expenses were up 15.18 per cent to Rs 865.20 crore, up 15.18 per cent in the December quarter of FY24. Its revenue from retail trade was at Rs 872.04 and Rs 17.01 crore from digital market p
V-Mart Retail Ltd on Monday reported a net loss of Rs 64.12 crore for the second quarter ended September 2023. It had incurred a net loss of Rs 11.31 crore in July-September period a year ago, according to a regulatory filing by the value retailer. Revenue from operations in the September quarter was Rs 549.43 crore. It was at Rs 506.16 crore in the corresponding quarter, it said. According to the company, its results are not comparable as the results include business operations of digital marketplace LimeRoad acquired during the previous year. "Accordingly, result of the quarter ended September 30, 2022 is not comparable," it said. V Mart's total expenses in the September quarter were at Rs 637.84 crore. Shares of V-Mart Retail Ltd on Monday settled at Rs 1,702.45 apiece, down 0.46 per cent from the previous close.
V-Mart Retail on Wednesday reported a net loss of Rs 21.94 crore in the June quarter. It had reported a net profit of Rs 20.45 crore in the April-June period a year ago, V-Mart said in a regulatory filing. However, its revenue from operations was up 15.41 per cent to Rs 678.52 crore in the first quarter of the ongoing fiscal as against Rs 587.88 crore in the year-ago period. "The company's EBITDA margin stood strong at 13 per cent of revenue excluding the loss contributed from the newly acquired Limeroad marketplace segment," an earning statement from V-Mart Retail said. EBITDA refers to Earnings Before Interest, Taxes, Depreciation and Amortisation. Total expenses of the value fashion retailer were up 25.67 per cent to Rs 708.99 crore in the first quarter of FY 2023-24. In the June quarter, its total income was at Rs 680.02 crore, up 14.87 per cent. The company continued its store expansion plan and opened 9 new stores in the June quarter, taking the total count to 431. Shares
Fashion retailer V-Mart Retail Ltd on Monday said it will acquire online marketplace LimeRoad, in a move which will help the company expand its presence in the omni-channel space. The company has signed a "business transfer agreement with A M Marketplaces (LimeRoad) and certain other parties for the acquisition of its LimeRoad business as a going concern on a slump sale basis," said V-Mart Retail in a regulatory filing. Over the nature of consideration, V-Mart said: "for the acquisition of LimeRoad business, the company shall pay lump sum cash consideration of Rs 31.12 crore, which amount shall be subject to adjustments as mutually agreed between the parties." Moreover, V-Mart is also "acquiring assets worth Rs 14.61 crore and assuming current liabilities of Rs 36.26 crore", which shall be subject to adjustments as mutually agreed between them, it added. LimeRoad's net revenue in FY22 was Rs 69.31 crore. In a statement, V-Mart said: "Given the underlying strong unit economics post
HSBC Bank Mauritius on Monday offloaded 13.91 lakh shares of retail company V-Mart Retail for Rs 392 crore through an open market transaction. According to the bulk deal data available with the BSE, HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings sold 13,91,826 shares, amounting to 7.04 per cent stake in the company. The shares were disposed off at an average price of Rs 2,816.29 apiece, taking the transaction value to Rs 391.97 crore. Meanwhile, Plutus Wealth Management LLP picked up 11,45,000 shares of the company. As of June quarter, HSBC Bank Mauritius Limited AC Jwalamukhi Investment Holdings owned 7.04 per cent stake in the company, shareholding pattern showed with the bourse. On Monday, shares of V-Mart Retail settled 3.49 per cent lower at Rs 2,892.75 apiece on the BSE.