Mumbai, Oct 14 (PTI) Avenue Supermarts, which owns andoperates retail chain DMart reported a net profit for theJuly-September quarter of Rs 191 crore, registering ayear-on-year increase of 65.2 per cent.
This was led by 66 per cent year-on-year decline ininterest expenses and increase in other income to Rs 21.2crore in quarter versus Rs 8 crore in the first quarter of2018, the company said.
For the quarter under consideration, the standalonerevenue stood at Rs 3,508 crore, compared with Rs 2,778 crorein the comparable quarter last year registering a 26.3 percent increase.
Avenue Supermarts listed on the stock exchanges with ablockbuster listing in March this year, making RadhakishanDamani — the founder of the company and a low-profile investor— a part of India’s richest 20 club.
At present, the company operates 132 stores inMaharashtra, Gujarat, Andhra Pradesh, Karnataka, Telangana,Tamil Nadu, Madhya Pradesh, Rajasthan, NCR and Chhattisgarh.
PTI DSKNRBRYS.
This is unedited, unformatted feed from the Press Trust of India wire.