V-Mart Retail Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 06, 2023 at 05:06 am EST
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V-Mart Retail Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 7,768.84 million compared to INR 6,920.18 million a year ago. Revenue was INR 7,775.8 million compared to INR 6,946.14 million a year ago. Net income was INR 199.72 million compared to INR 571.13 million a year ago. Basic earnings per share from continuing operations was INR 10.11 compared to INR 28.85 a year ago. Diluted earnings per share from continuing operations was INR 10.08 compared to INR 28.82 a year ago.
For the nine months, sales was INR 18,709.27 million compared to INR 12,074.02 million a year ago. Revenue was INR 18,783.64 million compared to INR 12,185.69 million a year ago. Net income was INR 291.11 million compared to INR 142.54 million a year ago. Basic earnings per share from continuing operations was INR 14.73 compared to INR 7.23 a year ago. Diluted earnings per share from continuing operations was INR 14.69 compared to INR 7.2 a year ago.
V-Mart Retail Limited is an India-based retail store chain that offers readymade garments and accessories. The Company operates through two segments: Retail Trade, and Digital Marketplace. The Retail Trade segment is engaged in domestic sales to customers at stores. Digital Marketplace is engaged in the commission and other income by providing a Limeroad platform for vendors. It provides a range of apparel and accessories for men, women, boys, girls, and toddlers. Its general merchandise includes footwear, home furnishings, kitchenware, toys and games, bags and luggage, and crockery. Its Kirana bazaar includes fast-moving consumer goods (FMCG) products, packaged food items, beauty, and personal care, home care, and staple products. It operates through approximately 423 stores across 26 states. Its stores are located in states/cities, including Uttar Pradesh, Delhi, Bihar, Jharkhand, Haryana, Uttarakhand, Madhya Pradesh, and West Bengal.
V-MART RETAIL LIMITED 