Friday, Apr 19 2024 | Time 17:48 Hrs(IST)
image
Business Economy


Avenue Supermarts Q4 consolidated net rises by 41.61 pc

Mumbai, May 23 (UNI) Avenue Supermart has reported a rise of 41.61 pc in its net profit for the quarter ended March 31,2020 at Rs.271.28 as against net profit of Rs.191.57 crores for the quarter ended March 31, 2019.

Total income for the quarter under review grew by 23.96 pc to Rs.6290.78 crores as compared with Rs.5074.89 crores for the quarter ended March 31, 2019
For the financial year ended March 31,2020 company has posted net profit of Rs.1300.98 crores as against net profit of Rs.902.46 crores for the financial year ended March 31, 2019.
Total income for the financial year ended March 31,2020 to Rs.24930.19 crores as compared with Rs.20052.87 crores for the financial year period March 31, 2019.
Commenting on the performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: Overall, FY 2020 saw a healthy 24 pc revenue growth while PAT margins were in line with expectations. Our LFL growth for FY2020 was 10.9 pc Two reasons for this. One is that stores that are more than 5 years old grew at a rate lower than the previous year and most of the stores that are younger are peaking faster, even before they qualify for the 24 months LFL measurement. We opened a record 38 new stores, 6-8 of those stores should have actually opened last year. We also completed a successful equity fund raise to make our balance sheet stronger, resilient and also help augment our future growth.
UNI JS NV JW1932
More News

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..

Kottayam-Kochi Rubber Market rates

19 Apr 2024 | 5:02 PM

Kottayam, April 19 (UNI) Following were the Rubber Market rates announced by the Rubber Board here on Friday per quintal.

see more..
Sensex jumps 599 34  pts

Sensex jumps 599 34 pts

19 Apr 2024 | 4:56 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 pts to close at 73088.33 on the strength of Bankex, Metal, Financial services and Consumer Durable stocks amid weak Asian Market.

see more..

Sund Home Fin expands presence in Rajasthan

19 Apr 2024 | 4:36 PM

Chennai, Apr 19 (UNI) After its recent expansion in Western India, Sundaram Home Finance (SHF)
has expanded its presence in Central India with the opening of its new office at Kota in Rajasthan.

see more..
image