This column celebrates companies that defied the demonetisation gloom (‘there will be blood on the streets’) with better third-quarter results.
V-Mart: If you analyse V-Mart’s Q3 (December quarter) performance, you would believe that the greater the cash crunch, the more India bought from V-Mart’s stores. The company’s total income of Rs 327 crore in Q3 FY17 was the highest in five quarters. Turn to EBIT (earnings before interest and tax): Rs 25 crore to Rs 0.33 crore to Rs 15 crore to loss Rs 2 crore to a profit of Rs 43 crore. An interest of Rs 85 lakh in
