Avenue Supermarts Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2018
January 12, 2019 at 05:05 am EST
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Avenue Supermarts Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2018. For the quarter, the company reported revenue from operations of INR 54,509.4 million against INR 40,938.9 million a year ago. Profit before tax was INR 3,949.2 million against INR 3,851.5 million a year ago. Net profit after tax was INR 2,571.1 million or INR 4.12 per basic share against INR 2,517.7 million or INR 4.03 per basic share a year ago. Diluted earnings per share was INR 4.06 against INR 3.97 a year ago.
For the nine months, the company reported revenue from operations of INR 148,828.8 million against INR 111,989.3 million a year ago. Profit before tax was INR 11,305.5 million against INR 9,462.2 million a year ago. Net profit after tax was INR 7,334.6 million or INR 11.75 per basic share against INR 6,175.8 million or INR 9.75 per basic share a year ago. Diluted earnings per share was INR 11.59 against INR 9.75 a year ago.
Avenue Supermarts Limited is an India-based company, which is engaged in the business of organized retail and operating supermarkets under the D-Mart brand name. DMart is a supermarket chain that offers customers a range of products with a focus on the foods, non-foods fast-moving consumer goods (FMCG) and general merchandise and apparel product categories. Each DMart store stocks home utility products, including food, toiletries, beauty products, garments, kitchenware, bed and bath linen, home appliances and others. The Company offers its products under various categories, such as bed and bath, dairy and frozen, fruits and vegetables, crockery, toys and games, kidsâ apparel, ladiesâ garments, apparel for men, home and personal care, daily essentials, grocery, and staples. DMart operates approximately 324 stores and has a presence across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, and Chhattisgarh.
AVENUE SUPERMARTS LIMITED 
