V-Mart Retail Ltd, based in New Delhi, disclosed a net loss of Rs 64.12 crore for the second quarter ending in September 2023. This contrasts with a net loss of Rs 11.31 crore reported in the same period the previous year, as per a regulatory filing made by the value retailer.
Revenue and Operations
During the September quarter, revenue from operations stood at Rs 549.43 crore, compared to Rs 506.16 crore in the corresponding quarter last year, indicating growth in operational income.
Non-Comparable Results
The company clarified that its results for this quarter are not directly comparable due to the inclusion of business operations from the digital marketplace LimeRoad, which was acquired in the previous year.
Total Expenses
Total expenses for V-Mart Retail Ltd in the September quarter amounted to Rs 637.84 crore, reflecting the costs incurred during the period.
Stock Performance
On Monday, shares of V-Mart Retail Ltd settled at Rs 1,702.45 apiece, marking a 0.46 per cent decrease from the previous close.
The financial performance of V-Mart Retail in Q2 2023-24 reflects the impact of various factors on its operations, including the inclusion of LimeRoad’s business operations and the overall economic environment during the period.
