D-Mart Share: Impact of quarterly results is visible on the market, D-Mart shares slipped 4 percent in today's trading
D-Mart Share Price: This month many companies have announced their quarterly results and many companies will announce more. The effect of these results is visible on the market. D-Mart announced its quarterly results on Saturday last week. The impact of the company's results is visible today. Today the company's shares have fallen by more than 4 percent in the market.
Shares of Avenue Supermarts Ltd, which owns and operates the retail chain D-Mart, announced its second-quarter results last week. Today in Monday's session the company's shares fell by more than 4 percent. The company registered a decline of 9.09 percent in consolidated net profit for the second quarter ended September 30.
Shares of the company fell 4 percent to Rs 3,771.70 on BSE today. At the same time, on NSE it fell by 4.14 percent to Rs 3,772.75.
At the time of writing the news, D-Mart shares were trading at Rs 3,851.90 per share, down by 83.95 points.
Avenue Supermarts Ltd reported a 9.09 percent decline in net profit at Rs 623.35 crore for the week ending September 30, 2023. The decline was due to lower contributions from the general merchandise and apparel business. Along with this, the gross margin of the company has also been affected.
Avenue Supermarts said in a regulatory filing that the company had posted a net profit of Rs 685.71 crore in the July-September quarter a year ago.
However, its revenue from operations increased by 18.66 percent to Rs 12,624.37 crore during the quarter under review from Rs 10,638.33 crore in the corresponding quarter of the previous financial year.
The total expenses of Avenue Supermarts in the second quarter of the current financial year 2023-24 increased by 18.97 percent to Rs 11,809.35 crore. Let us tell you that D-Mart operates in Maharashtra, Gujarat, Daman, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR, Chhattisgarh and Punjab.
