V-Mart Retail posts Q3 net profit at Rs 58 cr, Retail News, ET Retail

New Delhi : Multi-manufacturer retail chain V-Mart Retail on Wednesday noted a net financial gain of Rs 58.22 crore for the quarter ended on December 31, 2019. The enterprise had posted a net financial gain of Rs 41.68 crore for the corresponding time period of 2018-19, V-Mart mentioned in a filing to the BSE.

The consolidated full cash flow stood at Rs 562.58 crore for the quarter beneath thing to consider. It was Rs 467.55 crore for the exact time period yr back.

“In the statement of financial gain and decline for the existing time period, working lease bills have been transformed from lease to depreciation charge…To this extent general performance for the quarter and nine-thirty day period time period ending December 31, 2019 is not comparable with the prior time period final results,” the enterprise mentioned.

Shares of V-Mart closed at Rs 2,108 per scrip on the BSE, up four.19 per cent more than prior shut.

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