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News Topical, Digital Desk : Avenue Supermarts has presented its first quarter results. The company is the parent company of DMart. According to the information given by the company, consolidated profit has remained flat compared to last year. Consolidated income has increased by 16 percent on a year-on-year basis. EBITDA has increased by more than 6 percent compared to last year. At the same time, margins have slipped on a year-on-year basis. The company has released the results after the market closed. The stock has fallen by more than 2 percent in Friday's trading and the stock has closed below the level of 4100.
How were the quarterly results?
The consolidated profit of the company has come down from Rs 774 crore to Rs 773 crore as compared to last year. Consolidated income has increased from Rs 14,069 crore to Rs 16,360 crore as compared to last year. That is, there has been a growth of 16.3 percent in it. EBITDA has increased from Rs 1,221 crore to Rs 1,299 crore as compared to last year. That is, there has been a growth of 6.4 percent on a year-on-year basis. EBITDA margin has come down from last year and has come down from 8.68 percent to 7.94 percent. The stock has seen a decline of 2.5 percent on Friday and the stock closed at the level of 4063.9. During the session, the stock fell to the level of 4042. The lowest level of the year for the stock has been 3337. The highest level of the year has been 5484. A year ago, the stock was close to the 5000 level.
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