V-Mart Retail Ltd standalone net loss of Rs.1.83 crore in Q2FY17, vs net profit of Rs. 0.95 crore in Q2FY16

India Infoline Research Team | November 15, 2016 15:55 IST

V-Mart Retail Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 195.91 21.1
EDITDA 3.02 [47.6]
EBITDA Margin (%) 1.5 [202]
Net Loss (adjusted) 1.83 0
***EBITDA margin change is bps


V-Mart Retail Ltd reported its Standalone numbers for Q2FY17.
Revenue for the quarter increased by 21.1% yoy to Rs 196 cr.

Reported EBITDA decreased by 47.6% yoy to Rs 3 cr while EBITDA margins contracted by 202 bps yoy to 1.5%. This was largely due to 24% yoy increase in total expenses.

Net loss of 1.83 cr was reported for the quarter compared to 0.95 cr net profit in Q2FY16 primiarly due to 33% yoy increase in finance cost.

Technical View:

V-Mart Retail Ltd is currently trading at Rs. 463.65, down by 28.75 points or 5.84% from its previous closing of Rs. 492.4 on the BSE.
The scrip opened at Rs. 485 and has touched a high and low of Rs. 485 and Rs. 460 respectively. So far 16979(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

BSE 480.00 0 (0%)
NSE 474.75 1.75 (0.37%)

***Note: This is a NSE Chart

 

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