V-Mart Retail Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 22, 2021 at 02:08 pm IST
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V-Mart Retail Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 4,703.072 million compared to INR 5,625.895 million a year ago. Net income was INR 478.728 million compared to INR 582.211 million a year ago. Basic earnings per share from continuing operations was INR 26.34 compared to INR 32.07 a year ago. Diluted earnings per share from continuing operations was INR 26.3 compared to INR 32.03 a year ago. For the nine months, total revenue was INR 7,402.839 million compared to INR 13,330.549 million a year ago. Net loss was INR 47.283 million compared to net income of INR 577.803 million a year ago. Basic loss per share from continuing operations was INR 2.6 compared to basic earnings per share from continuing operations of INR 31.83 a year ago. Diluted loss per share from continuing operations was INR 2.6 compared to diluted earnings per share from continuing operations of INR 31.8 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.
V-MART RETAIL LIMITED 
