V-Mart Retail zooms 19% after Q1 net profit more than doubles

The stock hit a new high of Rs 1,459, surges an over 200% so far in 2017, against 18% gain in Sensex

V-Mart Retail zoomed 19% to Rs 1,459 on BSE in intra-day trade after the company reported a more than double net profit of Rs 22 crore in June quarter (Q1FY18), on back of healthy operational performance. It had profit of Rs 9.37 crore in year ago quarter.

V-Mart Retail, a medium-sized hypermarket format retail chain based in New Delhi, had posted net profit of Rs 39.52 crore during the entire previous financial year 2016-17 (FY17).

Operational revenue during the quarter increased 39% to Rs 315 crore from Rs 227 crore in the corresponding quarter of previous fiscal.