V-Mart posts Q2 net loss at Rs 40.2 mn, income up 8.43% to Rs 2.63 bn

Multi-brand retail chain V-Mart has reported a standalone net loss of Rs 40.2 million for the second quarter ended September 2018.

The company had posted a net profit of Rs 27.4 million in July-September a year ago, V-Mart said in a BSE filing.

V-Mart's total income during the quarter under review was up 8.43 per cent to Rs 2.63 billion as against Rs 2.42 billion in the corresponding quarter of the last fiscal.

Its total expenses in period under review stood at Rs 2.72 billion as against Rs 2.38 billion, up 14.23 per cent.