Avenue Supermarts consolidated Q4 PAT rises to Rs414cr, margin at 5.5%

PAT margin stood at 5.5% in Q4FY21 as compared to 4.3% in Q4FY20.

May 10, 2021 02:05 IST India Infoline News Service

Avenue Supermarts consolidated net profit was at Rs414cr for the quarter ended March 2021 (Q4FY21) period, compared to Rs271cr in the corresponding quarter of last year. PAT margin stood at 5.5% in Q4FY21 as compared to 4.3% in Q4FY20.

Consolidated total revenue for the quarter under review was at Rs7,412cr as compared to Rs6,256cr in the same period last year.

Consolidated Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q4FY21 stood at Rs613cr as compared to Rs417cr in the corresponding quarter of last year. EBITDA margin stood at 8.3% in Q4FY21 as compared to 6.7% in Q4FY20.

Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said, "FY 2021 has been a challenging year for our business. The year began amidst a strict lockdown post the emergence of the Coronavirus (Covid-19) towards the end of the last financial year. The economy gradually opened post-May 2020 and the second half of the year was progressing towards recovery. However, a much stronger second wave of Covid-19 infections hit the country towards the end of FY 2021 and has once again resulted in significant disruption to our business as several cities and towns have announced restrictions."

Total Revenue for FY21 stood at Rs24,143cr, as compared to Rs24,870cr in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in FY21 stood at Rs1,743cr, as compared to Rs2,128cr during FY20. Net Profit stood at Rs1,099cr for FY21, as compared to Rs1,301cr in FY20.

At around 2.42 pm, Avenue Supermarts was trading at Rs2853 per piece down by Rs35.75 or 1.24% on Sensex. 

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