Avenue Supermarts gains on reporting around 7-fold jump in Q1 consolidated net profit

Avenue Supermarts is currently trading at Rs. 3987.30, up by 45.25 points or 1.15% from its previous closing of Rs. 3942.05 on the BSE.

avenue supermarts rises on the bourses
avenue supermarts rises on the bourses

The scrip opened at Rs. 4023.00 and has touched a high and low of Rs. 4091.90 and Rs. 3968.00 respectively. So far 56637 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 5899.90 on 18-Oct-2021 and a 52 week low of Rs. 3185.10 on 16-May-2022.

Last one week high and low of the scrip stood at Rs. 3974.00 and Rs. 3460.65 respectively. The current market cap of the company is Rs. 258588.42 crore.

The promoters holding in the company stood at 74.99 % while Institutions and Non-Institutions held 15.60 % and 9.42 % respectively.

Avenue Supermarts has reported around 6-fold jump in its net profit at Rs 679.64 crore for first quarter ended June 30, 2022 as compared to Rs 115.13 crore for the same quarter in the previous year.

Total income of the company increased by 94.24% at Rs 9,843.80 crore for Q1FY23 as compared Rs 5,067.96 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported around 7-fold jump in its net profit at Rs 642.89 crore for first quarter ended June 30, 2022 as compared to Rs 95.36 crore for the same quarter in the previous year.

Total income of the company increased by 93.06% at Rs 10,067.21 crore for Q1FY23 as compared Rs 5,214.58 crore for the corresponding quarter previous year.