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DMart Q3 Results: Avenue Supermarts net profit rises 17% YoY to ₹691 crore

Livemint

Livemint · 1y ago

DMart Q3 Results: Avenue Supermarts net profit rises 17% YoY to ₹691 crore

Avenue Supermarts, the operator of retail chain DMart, reported a 17% increase in consolidated net profit to ₹690.61 crore for Q3FY24 compared to the same period last year. The company also saw a 17.31% rise in consolidated revenue from operations to ₹13,572.47 crore. Avenue Supermarts opened five new stores during the quarter, bringing the total to 341.

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Online platforms, quick commerce spoil the party for DMart

Economic Times

Economic Times · 9m ago

Online platforms, quick commerce spoil the party for DMart

Shares of Avenue Supermarts, the owner of DMart retail chain, dropped over 8% after disappointing Q2 earnings. The company reported a 5.78% increase in consolidated net profit at Rs 659.44 crore, lower than analysts' expectations. The decline in profit was attributed to disruptions caused by online delivery platforms and quick commerce players. The company's standalone revenues grew by 14.2%, and it has no plans to enter the quick commerce space. Competitors like Amazon, Flipkart, and Zomato are ramping up their quick commerce offerings.

DMart's revenue jumps by 18.5% YoY to ₹12,308 crore in Q2

Livemint

Livemint · 1y ago

DMart's revenue jumps by 18.5% YoY to ₹12,308 crore in Q2

Avenue Supermarts Ltd, the owner of retail chain DMart, reported an 18.5% increase in standalone revenue from operations to ₹12,307.72 crore. This figure reflects a significant growth compared to the previous year. DMart operates a wide range of retail stores across various states in India. The company's revenue for the July-September quarter in FY22 stood at ₹7,649.64 crore.

Zomato share price rises despite dip in broad market indices

YourStory

YourStory · 8m ago

Zomato share price rises despite dip in broad market indices

Zomato's share price rose by 2.98% following the announcement of its second-quarter results, driven by the stability of its food delivery business and the growth potential of its quick commerce segment. The company reported a 389% YoY increase in net profit, reaching INR 176 crore, and a 68.50% YoY increase in revenues to INR 4,799 crore. Zomato's quick commerce arm, Blinkit, showed promising growth with a 122% YoY increase in gross order value. The company also approved plans to raise INR 8,500 crore through qualified institutional placements.

Coal India Q3 results: PAT rises to ₹9,069 crore, interim dividend of ₹5.25/-

Livemint

Livemint · 1y ago

Coal India Q3 results: PAT rises to ₹9,069 crore, interim dividend of ₹5.25/-

Coal India reported a 17% increase in its consolidated net profit for the quarter ending December 2023, reaching ₹9,069 crore. Revenue from operations grew by 3% YoY to ₹36,154 crore. The company declared a second interim dividend of ₹5.25 per share for FY24, with a record date of February 20. Coal output increased by 11% YoY to 199 million tonnes, while coal supplies rose by 9% to 191.30 million tonnes for the quarter. The company also announced the appointment of Mukesh Agrawal as CFO, effective from February 13.

Samvardhana Motherson Q3 profit up 61% to ₹733 crore

Thehindubusinessline

Thehindubusinessline · 1y ago

Samvardhana Motherson Q3 profit up 61% to ₹733 crore

Auto components manufacturer Samvardhana Motherson International (SAMIL) reported a consolidated net profit of ₹733 crore for Q3, a 61% YoY increase. The company's consolidated revenue also grew by 27% YoY to ₹25,697.56 crore. Despite M&A payouts of around ₹750 crore, the company's net debt reduced by ₹866 crore. SAMIL has already invested 50% of its ₹1,800-crore growth capex to support emerging market growth.

Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

Entrackr

Entrackr · 5m ago

Ixigo posts Rs 242 Cr revenue Q3 FY25; PBT jumps 54%

Ixigo released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Tuesday. The company reported a 41% growth in scale, while its year-on-year (YoY) profits declined by 49.3%. Ixigo’s revenue from operations surged 41.5% to Rs 242 crore in Q3 FY25 in contrast to Rs 171 crore in Q3 FY24, as per the firm’s consolidated financial results sourced from the National Stock Exchange. The company generated the majority (49.6%) of its operating revenue from train ticketing which increased to Rs 120 crore in Q3 FY25 from Rs 95 crore in Q3 FY24. Flight and bus booking services contributed 28% and 21.4% respectively. Besides operating revenue, the firm also earned Rs 5.2 crore via interest and gains from financial assets during the quarter, taking its total topline to Rs 247 crore in Q3 FY25. Ixigo’s gross transaction value (GTV) increased 48% year-on-year to Rs 4,036 crore during the third quarter of the ongoing fiscal year. Employee benefits expenses rose by 17% YoY to Rs 41 crore. Overall, the company's total costs grew 42.7% to Rs 224 crore in Q3 FY25 compared to Rs 157 crore in Q3 FY24. Ixigo's net profits dropped by 49.3% to Rs 15.5 crore in Q3 FY25 from Rs 30.6 crore in Q3 FY24, attributed to a deferred tax income of Rs 16.7 crore booked in Q3 FY24. On a PBT basis, profits showed a significant QoQ increase of 54% to Rs 21.4 crore in Q3 FY25 from Rs 13.9 crore in Q3 FY24. Ixigo is currently trading at Rs 127.7 with a total market capitalization of Rs 4,886 crore or $581 million.

PS IT Infrastructure & Services Q3 FY24 Results Live: Loss Rises by 47.2% YoY

Livemint

Livemint · 1y ago

PS IT Infrastructure & Services Q3 FY24 Results Live: Loss Rises by 47.2% YoY

PS IT Infrastructure & Services reported their Q3 FY24 results, with a 0% decrease in the topline and a 47.2% increase in losses YoY. Compared to the previous quarter, revenue declined by 100% and losses decreased by 99.82%. Selling, general & administrative expenses decreased by 97.29% QoQ and 1.08% YoY, while operating income increased by 99.82% QoQ and decreased by 8.28% YoY. The EPS for Q3 FY24 was ₹-0.01, a decrease of 50% YoY.

Stove Kraft Ltd reports profit of ₹6.8 crore in Q3

Thehindubusinessline

Thehindubusinessline · 1y ago

Stove Kraft Ltd reports profit of ₹6.8 crore in Q3

Stove Kraft Ltd, the cookware and home appliances manufacturer, recorded a profit of ₹6.8 crore for Q3 of the fiscal year 2023, marking a 13.3% YoY decline. However, the company's revenue saw an 11.4% YoY growth, reaching ₹361.6 crore. Sequentially, revenue decreased by 4.8% and net profit decreased by 59.1%. Stove Kraft aims to expand its operations outside of Southern India and bring innovative kitchen appliances to consumers in North India.

Justdial Q3 Results: Profit surges 22% YoY to INR 92 Cr, revenue rises to INR 265 Cr

Inc42 · 1y ago

Justdial Q3 Results: Profit surges 22% YoY to INR 92 Cr, revenue rises to INR 265 Cr

Hyperlocal search engine, Justdial, witnessed a 22.3% YoY increase in consolidated net profit to INR 92 Cr in Q3 FY24. The company reported a net addition of 1.4 Mn active listings, bringing the total to 41.6 Mn. Operating revenue grew by 19.7% to INR 265 Cr in the same quarter. Justdial's expenses stood at INR 218.9 Cr, while employee benefit expenses increased 6.6% YoY to INR 178.5 Cr. The number of unique visitors rose to 165.9 Mn, with a majority of traffic coming from mobile devices.

CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25

Entrackr

Entrackr · 5m ago

CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25

CarTrade posts Rs 176 Cr revenue and Rs 45.5 Cr profits in Q3 FY25 CarTrade released its financial results for the third quarter of the ongoing fiscal year (Q3 FY25) on Wednesday. The company reported a 26% year-on-year revenue growth compared to Q3 FY24, with a major turnaround in its bottom line. CarTrade’s revenue from operations surged 26.6% to Rs 176 crore in Q3 FY25 in contrast to Rs 139 crore in Q3 FY24, as per the firm’s unaudited consolidated financial results sourced from the National Stock Exchange (NSE). The Mumbai-based company operates in three segments: Consumer, Remarketing, and Classifieds. Income from the consumer segment formed 39% of the total operating revenue which increased to Rs 68 crore in Q3 FY25 from Rs 50 crore in Q3 FY25. Income from the remarketing and classified segment stood at Rs 58 crore and Rs 50 crore in the third quarter of the ongoing fiscal year. CarTrade also added Rs 17 crore from other non-operating businesses which tallied its overall revenue to Rs 193 crore in Q3 FY25, compared to Rs 152 crore in Q3 FY24. On the expense front, employee benefits expenses formed 53% of the overall spending which went up a modest 7.3% to Rs 73 crore during the period. This cost also includes share-based expenses of Rs 3.36 crore. CarTrade’s overall expenses increased 12% to Rs 140 crore in Q3 FY24 from Rs 125 crore during Q3 FY24. The strong growth and controlled spending enabled CarTrade to achieve a turnaround and post a net profit of Rs 45.5 crore in Q3 FY25, compared to a loss of Rs 23.5 crore in Q3 FY24. However, the company had already recorded a revenue of Rs 472 crore and a net profit of Rs 99 crore during the nine months of the ongoing fiscal year. CarTrade recorded a 4.78% hike in its share price today and is trading at Rs 1,433.3 (as of 12:47) with a total market capitalization of Rs 6,789 crore or $800 million.

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