Q3FY23 LIVE Updates: HDFC Bank, India's largest private sector lender, declared its third-quarter results on the day of Makar Sankranti today, i.e. Saturday, January 14. Radhakishan Damani promoted Avenue Supermarts, which runs DMart chain of multi-brand retail stores is also announced its December quarter earnings today. Get more Companies News and Business News on Zee Business.
Avenue Supermarts FY21 net profit falls 13.7% to Rs 1,165 crore
For January-March quarter, the company s net profit zoomed 51.6 per cent to Rs 435 crore, while total revenue also grew 17.9 per cent to Rs 7,303 crore.
BusinessToday.In | May 8, 2021 | Updated 22:15 IST
Avenue Supermarts said significant disruptions have been seen from March 2021 onwards in its store operations.
Avenue Supremarts, which owns and operates retail chain D-Mart, reported a 13.7 per cent year-on-year decline in net profit at Rs 1,165 crore for financial year 2020-21, hit by the coronavirus pandemic.
While total revenue declined 3.6 per cent to Rs 23,787 crore, earnings before interest, tax, depreciation and amortisation (EBITDA) also fell 17.9 per cent to Rs 1,742 crore in FY21. EBITDA margin contracted to 7.3 per cent in FY21 as against 8.6 per cent in FY20.