Latest News
-
Trade Setup: Nifty Slides Below 22,000 Mark; Global Markets Plunge On Reports Of Explosions In Iran -
JNK India IPO To Open On 23rd April: Check Price Band, Issue Size & More Details Here -
Banks Close As India Votes: Lok Sabha Elections Phase 1 -
Trade Call: 2 Technical Intraday Stock Picks By Sumeet Bagadia On Friday, April 19 -
Swing Trading Guide: 2 Buy/Sell Stock Picks By VLA Ambala On Friday, 19th April -
Stock Market Live Updates: GIFT Nifty Cues Gap-Down Starts; US, Asian Markets Down, Oil Prices Rise $3/bbl -
1:3 Bonus Share, Rs 13.25/Share Dividend: Buy Maharatna PSU, TP Rs 355, Fundraise Approved -
Results, Dividend, Fundraise On April24: Buy Top Bank Stock Amid Rich Valuation, TP Rs 1400: Nomura -
1:4 Bonus Shares, Rs 7 Dividend: Big Update Announced; Buy The FMCG Stock? -
1:10 Stock Split: 1 Rs 980 Smallcap Has Split Into Ten Shares; Check Out New Price Level, Fundamentals!
Avenue Supermarts PAT For Q1 Logs 490% Gains YoY
Avenue Supermarts today reported its June quarter results wherein standalone profit has increased to Rs. 680 crore as against Rs. 115 crore in the same quarter last year.
Total revenue at the retail concern has also inched higher by 94.9% YoY to Rs. 9807 crore during the period under review.
EBITDA recorded a growth of 355.6% y-o-y to Rs. 1008 crore.
EPS for Q1FY23 stood at Rs.10.49, as compared to Rs.1.78 for Q1FY22 10 stores were added in Q1FY23.
Avenue Supermarts is among the largest food & grocery retailers in India
CEO & Managing Director Neville Noronha said His company ended the quarter with growth across all key financial parameters. There has been a very good recovery of overall sales, he said.
The stock of the company ahead of its Q1 numbers ended higher by over 2% at Rs. 3941.7 per share on the NSE.
