Monday, October 18, 2021

D-Mart Q2 Net Profit increases more than 200% | What to do Now?

 



D-Mart Q2 consolidated net profit increases twofold to Rs 417 crore



Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday reported a twofold increase in its consolidated net profit to Rs 417.76 crore for the second quarter ended September 2021.

The company had posted a net profit of Rs 198.53 crore in the July-October quarter a year ago, Avenue Supermarts said in a BSE filing.

Its revenue from operations was up 46.79 per cent to Rs 7,788.94 crore during the quarter under review as against Rs 5,306.20 crore in the corresponding quarter of the last fiscal.

Total expenses were at Rs 7,248.74 crore, up 43.63 per cent in the second quarter of 2021-22 as against Rs 5,046.69 crore of the year-ago quarter.
"Total Revenue for H1FY22 stood at Rs 12,972 crore, as compared to Rs 9,189 crore in the same period last year," the company said.

On a standalone basis, Avenue Supermarts' revenue from operations during the quarter was at Rs 7,649.64 crore, up 46.6 per cent, in comparison to Rs 5,218.15 crore in the second quarter of 2020-21.


What to do Now ?

Still stock is well placed fundamentally . On technical basis 4851 is good buying zone in any short term routine correction. After the current sharp rally an investor should wait for a correction to take fresh position. Those who are holding should hold firmly and should not be panic in any routine correction.




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