



NEW DELHI: Avenue Supermarts ( D-Mart ) on Saturday reported a 53.3 per cent year-on-year rise in standalone profit at Rs 394 crore compared with Rs 257 crore posted for the same quarter last year.

Revenue for the quarter rose 23.90 per cent to Rs 6,752 crore compared with Rs 5,451 crore reported for the year-ago period. Ebitda rose to Rs 593 crore from Rs 453 crore year on year. Ebitda margin for the quarter came in at 8.8 per cent, a rise of 50 basis points over 8.3 per cent in December quarter of 2018.“Our topline growth was in line with estimates. PAT margin improvement partly reflects the benefit due to revision in corporate tax rates. We have opened 20 stores during the first nine months of this financial year,' said Neville Noronha, CEO & Managing Director, Avenue Supermarts.PAT margin for the quarter improved to 5.6 per cent from 4.5 per cent in the year-ago quarter, the company said in a BSE filing.On a consolidated basis, net profit stood at Rs 384 crore for the quarter. The company had post Rs 247 crore profit in the corresponding quarter of last year.