Avenue Supermarts Ltd reports earnings for Q1FY21


Avenue Supermarts Ltd. (ASL), one of the largest food & grocery retailers in India, today declared its standalone and consolidated financial results for the quarter ended June 30, 2020.

Standalone results

Total Revenue for the quarter ended June 30, 2020 stood at Rs. 3,833 crore, as compared to Rs. 5,781 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY21 stood at Rs. 109 crore, as compared to Rs. 596 crore in the corresponding quarter of last year. EBITDA margin stood at 2.8% in Q1 FY21 as comparedto10.3% in Q1 FY 20.

Net Profit is at Rs. 50crore for Q1 FY21, as compared to Rs. 335 crore in the corresponding quarter of last year. PAT margin stood at 1.3% in Q1 FY21 as comparedto 5.8% in Q1 FY 20. Basic Earnings per share (EPS) for Q1 FY21 stood at Rs.0.77, as compared to Rs. 5.37 for Q1 FY20.

Consolidated results

Total Revenue for the quarter ended June 30, 2020 stood at Rs. 3,883 crore, as compared to Rs. 5,815 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q1 FY21 stood at Rs. 112 crore, as compared to Rs. 597 crore in the corresponding quarter of last year. EBITDA margin stood at 2.9% in Q1 FY21 as compared to 10.3% in Q1 FY 20.

Net Profit is at Rs. 40 crore for Q1 FY21, as compared to Rs. 323 crore in the corresponding quarter of last year. PAT margin stood at 1.0% in Q1 FY21 as comparedto 5.5% in Q1 FY 20.

Basic Earnings per share (EPS) for Q1 FY21 stood at Rs. 0.62, as compared to Rs. 5.18 for Q1 FY20.

D-Mart follows Everyday low cost – Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive price, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices.

Shares of Avenue Supermarts Ltd was last trading in BSE at Rs.2322.15 as compared to the previous close of Rs. 2321.05. The total number of shares traded during the day was 26189 in over 3761 trades.

The stock hit an intraday high of Rs. 2341.05 and intraday low of 2305.8. The net turnover during the day was Rs. 60827637.



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