V-Mart Q1FY24 Results: Consolidated Loss of Rs. 21.94 Cr

V-Mart Q1FY24 Results: Consolidated Loss of Rs. 21.94 Cr

V-Mart Q1 results show revenue up from 601.44 crores to 680.02 crores, a 13.07% increase in growth. EPS down from ₹-18.70 to ₹11.10, down by 40.64%.

First, Let’s Begin with Quarter-on-Quarter Basis:

V-Mart shared its Q1 results on Wednesday. They earned 680.02 crores in revenue this quarter, but that’s more than the 601.44 crores they made last quarter. Unfortunately, the company’s growth increased by 13.07 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was -21.94 crores, down from -36.95 crores in the previous quarter. Their quarter-to-quarter growth decreased by 40.62 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹-11.10, which is a decrease of 40.64% from the ₹-18.70 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 680.02 crores this year (2023), which is 591.9708 percent higher than last year’s total revenue of 14.88 crores.

This year’s PAT (Profit After Tax) is -21.94 crores, which is also -207.30% lower than last year’s PAT of 20.45 crores.

The EPS (Earnings Per Share) for this year is ₹-11.10, which is -207.2% less than the EPS of ₹10.35 earned last year.

Also Read: Zee Entertainment Q1FY24 Results: Consolidated Loss Down to Rs. 53.42 Cr

V-Mart Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About V-Mart:

V-Mart Retail Limited operates a chain of small-sized hypermarkets. The company was founded by Lalit Agarwal in 2002. It was initially established as Varin Commercial Private Limited in West Bengal, India.

Download the Full PDF of V-Mart Q1 Results: Click Here

For more of the Latest News, Click Here

Leave a Reply

Your email address will not be published. Required fields are marked *