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DMart operator Avenue Supermarts on Saturday reported 132 per cent jump in standalone net profit at Rs 115 crore for the June quarter. It was Rs 50 crore in the year-ago period. Total revenue rose 31 per cent to Rs 5,032 crore as compared to Rs 3,833 crore in June 2020.
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1FY22 stood at Rs 221 crore, as compared to Rs 109 crore in the corresponding quarter of last year. EBITDA margin stood at 4.4 per cent in Q1FY22 as compared to 2.8 per cent in Q1FY21.
Basic Earnings per share (EPS) for Q1FY22 stood at Rs 1.78, as compared to Rs 0.77 for Q1FY21.
“Revenues have grown by 31 per cent over the corresponding quarter of last year. This is because the lockdown periods were at different times in different regions during the quarter. Some cities announced early lockdowns and continue to have stringent measures in place even now while some cities eased the restrictions within 3-4 weeks after their early lockdown,” the company said.
Despite lesser hours of operations during this lockdown, it had more customer footfalls than in the same period last year and this has translated into higher sales, it said.
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