Impressive Q1FY18 results put wind in V-Mart Retail’s sails
DSIJ Intelligence / 21 Aug 2017
V-Mart Retail, engaged in value retailing through a chain of stores at various locations across India, posted an amazing rise of over 17% during Monday’s trade on the BSE
V-Mart Retail, engaged in value retailing through a chain of stores at various locations across India, posted an amazing rise of over 17% during Monday’s trade on the BSE, on the back of impressive Q1FY18 results. The company’s standalone revenue for the quarter was Rs 315.12 crore, registering 38.8% YoY increase.
The PAT for the quarter was Rs 22.35 crore, indicating a YoY increase of 138.8%. V-Mart Retail was trading at Rs 1,429.50 per share, up by Rs 208.90 or 17.11% as at 1120 hours on Monday, on the BSE. The stock traded at its new 52-week value of Rs 1,458.80 during Monday’s trade and witnessed a spurt in volume by more than 8.62 times.
The stock attracted a traded volume of 2,40,281 shares and traded value of Rs 3,383.25 lakhs on the NSE.
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