Quarterly Result: V-Mart Retail Ltd
Bhagyashree Vivarekar / 15 Nov 2016
V-Mart Retail Ltd., is currently trading at Rs. 463.65, down by 28.75 points or 5.84% from its earlier closing of Rs. 492.4 on the BSE. Net loss of 1.83 cr has been reported for the quarter compared to 0.95 cr net profit in Q2FY16, majorly owing to 33% yoy increase in finance cost.
Technical View:
V-Mart Retail Ltd., is currently trading at Rs. 463.65, down by 28.75 points or 5.84% from its earlier closing of Rs. 492.4 on the BSE.
The scrip has touched a high and low of Rs. 485 and Rs. 460 respectively, after opening at 485. Altogether 16979(NSE+BSE) shares have been traded on the counter so far; and the stock is currently trading above its 50 DMA.
Standalone Results Q2FY17:
V-Mart Retail Ltd., has reported its standalone numbers for Q2FY17.
The quarter's revenue has surged 21.1% yoy to Rs 196 cr.
V-Mart's reported EBITDA has dropped 47.6% yoy to Rs 3 cr while EBITDA margins have shrunken by 202 bps yoy to 1.5%, triggered by 24% yoy increase in total expenses.
Net loss of 1.83 cr has been reported for the quarter compared to 0.95 cr net profit in Q2FY16, majorly owing to 33% yoy increase in finance cost.
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