Avenue Supermarts Q2 net jumps 65.2% at Rs 191.02 crore

Source: The Hitavada      Date: 15 Oct 2017 09:51:47


NEW DELHI,

Oct 14,

(PTI),

AVENUE Supermarts, which runs the D-Mart supermarkets chain, on Saturday posted a 65.18 per cent jump in its net profit at Rs 191.02 crore for the quarter ended September 30. The company had reported a net profit of Rs 115.64 crore in the corresponding quarter a year ago.

Its total income in the quarter under review stood at Rs 3,529.47 crore, up 26.65 per cent, against Rs 2,786.77 crore in the year-ago period, Avenue Supermarts said in a BSE filing. For the half year period ended September 30, 2017, the company’s net profit grew by 56.3 per cent to Rs 366 crore, as compared to Rs 234 crore a year ago. Its total revenue for the first half of this fiscal stood at Rs 7,106 crore as compared to Rs 5,431 crore during
the period.