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1-min read

DMart Stocks Rise by 2% After Q4 Results Meet Estimates

DMart’s overall revenue and net profit for the March quarter increased by 32% and 21.4%, respectively.

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Updated:May 13, 2019, 12:54 PM IST
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Shares of Avenue Supermarts Ltd, which owns the brand DMart, rose as much as 2% during early trade on Monday; soon after the company showed decent growth in its March quarter numbers on Saturday. The DMart stock on BSE traded at Rs 1,263, nearly rising by 1%, during the first half of the day.

Here are some key takeaways from DMart’s Q4 earnings:

— DMart’s net profit rose 21.4% year-on-year to Rs 203 crore for the quarter ended March.

— Revenue jumped 32.1% year-on-year to Rs 5,033 crore during the March quarter.

— Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 377 crore for the quarter, up 27.9% over the year-ago period.

— EBITDA margins contracted by 20 basis points during the March quarter to 7.5% compared with a year earlier. This is the third straight quarter of margin drop for DMart.

— Earnings per share (EPS) for the March quarter stood at Rs 3.25 compared with Rs 2.68 for the year-ago quarter.

— Total revenue for the full fiscal 2019 stood at Rs 19,916 crore, up 32% from Rs 15,009 crore in FY18.

— Net profit was at Rs 936 crore for FY19, as compared with Rs 785 crore in FY18.

— Profit after tax (PAT) margin declined marginally to 4.7% in FY19 compared with 5.2% in FY18.

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