Avenue Supermarts acquires 26% stake in FP Ampere Energy

28 Oct 2024 , 10:21 AM

Avenue Supermarts Ltd, which owns and manages retail chain D-Mart, stated that the company has acquired a 26% share in FP Ampere Energy Private Ltd (FPAEPL), a subsidiary of Fourth Partner Energy Private Limited, for ₹1.99 Crore on Saturday (October 26).

The transaction comes after Avenue Supermarts’ initial disclosure on October 7, 2024, which announced the completion of transaction documents for the deal. With this transaction completed, FP Ampere Energy Private FPAEPL has become an associate business of Avenue Supermarts.

Avenue Supermarts reported a 14.2% year-on-year growth in standalone revenue to ₹14,050 Crore for the July-September 2024 quarter, according to an exchange filing on October 12. This compared to ₹12,308 Crore in the same time last year.

The net profit for the second quarter of the 2024-25 fiscal amounted to ₹710 Crore, a 7.9% rise from ₹659 Crore in the same quarter last year. The PAT margin was 5.0% in Q2FY25, compared to 5.3% in Q2FY24.

In Q2FY25, DMart parent reported earnings before interest, tax, depreciation, and amortisation (EBITDA) of ₹1,105 Crore, up from ₹1,002 Crore in the same period last year. EBITDA margin was 7.9% in Q2FY25, compared to 8.1% in Q2FY24.

Avenue Supermarts logged a total revenue of ₹27,762 Crore for the first six months of FY25, up from ₹23,892 Crore the previous year. EBITDA for H1FY25 was ₹2,326 Crore, according to the company’s exchange filing.

For feedback and suggestions, write to us at [e-mail]