V-Mart Retail Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 04:25 pm
Share
V-Mart Retail Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 5,939.12 million compared to INR 4,587.76 million a year ago. Revenue was INR 6,014.42 million compared to INR 4,615.65 million a year ago. Net loss was INR 369.6 million compared to INR 26.13 million a year ago. Basic loss per share from continuing operations was INR 18.7 compared to INR 1.33 a year ago. Diluted loss per share from continuing operations was INR 18.7 compared to INR 1.33 a year ago.
For the full year, sales was INR 24,648.4 million compared to INR 16,661.77 million a year ago. Revenue was INR 24,798.06 million compared to INR 16,801.34 million a year ago. Net loss was INR 78.49 million compared to net income of INR 116.41 million a year ago. Basic loss per share from continuing operations was INR 3.97 compared to basic earnings per share from continuing operations of INR 5.9 a year ago. Diluted loss per share from continuing operations was INR 3.97 compared to diluted earnings per share from continuing operations of INR 5.88 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.