V-Mart reports Q4 net profit at Rs 5 crore
Multi-brand retail chain V-Mart today reported a standalone net profit of Rs 4.99 crore for the fourth quarter ended March 31, 2017.
The company had posted a net profit of Rs 0.48 crore in the corresponding period of last fiscal.
Its total income during the period under review was up by 41.85 per cent at Rs 252.58 crore as against Rs 178.05 crore of the January-March quarter last fiscal.
For the financial year ended March 31, V-Mart's net profit rose to Rs 39.52 crore from Rs 27.63 crore a year ago, a rise of 43 per cent.
Its total income for during financial year 2016-17 was at Rs 1,004.81 crore, up 23.98 per cent as against Rs 810.42 crore during the last fiscal.
V-Mart is a family fashion store that provides primarily operates in tier II & tier III cities with the chain of “Value Retail” departmental stores.
They have 142 stores across 122 cities in 14 states and union territories, with a total retail area of 11,85480 sq ft.
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