16.1 C
Delhi
Wednesday, December 1, 2021

D-Mart Q2 Result: RK Damani’s company Avenue Supermart has a bumper profit, 113% rises to 448 crores

Bumper profits for Avenue Supermart, a company that runs D-Mart retail chain

Avenue Supermarts Ltd, the company of veteran investor Radhakrishna Damani, has made tremendous profits in September. In the quarter, the company’s profit increased by 113.2 percent to Rs 448.40 crore. In the September quarter of the last financial year 2020-21, the company’s profit was Rs 210.20 crore. Avenue Supermarts Ltd runs the D Mart retail chain, which has more than 215 stores across the country.

Tremendous increase in the revenue of the company

The company’s standalone revenue also rose 46.6 per cent to Rs 7,649.64 crore for the second quarter ended September 30. It was Rs 5,218.15 crore in the September quarter of the last financial year (2020-210). Avenue Supermarts Ltd’s total income in the second half was Rs 12,681 crore, as against Rs 9,051 crore in the corresponding half of the previous financial year. The company’s Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) also increased to Rs 891 crore in the first half as compared to Rs 434 crore in the corresponding quarter of the previous financial year.

HDFC Bank Q2 Result: HDFC Bank’s Q2 profit up 18 per cent, reaches Rs 9096 crore

The company got the benefit of ending the lockdown

The company’s EBITDA margin stood at 7.0 per cent in the first half of the current financial year, as compared to 4.8 per cent in the corresponding half of the previous financial year. The company’s total expenses in the second quarter stood at Rs 7,085.58 crore, as against Rs 4991.55 crore in the corresponding quarter of the previous financial year. Neville Noronha, the company’s CEO and Managing Director, said, “During the current quarter, Corona-related lockdown restrictions were relaxed significantly. The revenue of D Mart Dmart stores has grown by 46.6% as compared to the corresponding quarter of last financial year.

Stock Tips: TPG’s power for Tata Motors; This stock will go a long way now, know what will be the next target price

Get Business News ,, latest India News ,, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.

.

Business Khabar
We aim to constantly bring to you all the latest and most updated industry news across all major categories. With a wide variety of topics and categories under our umbrella, we bring to you the latest news and activities in the top sought areas of public interest.
Latest news
- Advertisement -
Related news
- Advertisement -