Avenue Supermarts gains on reporting 17% rise in Q3 consolidated net profit
Avenue Supermarts is currently trading at Rs. 3867.60, up by 27.50 points or 0.72% from its previous closing of Rs. 3840.10 on the BSE.
The scrip opened at Rs. 3920.90 and has touched a high and low of Rs. 3940.00 and Rs. 3859.10 respectively. So far 8744 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4203.00 on 07-Dec-2023 and a 52 week low of Rs. 3292.65 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3940.00 and Rs. 3787.15 respectively. The current market cap of the company is Rs. 251345.65 crore.
The promoters holding in the company stood at 74.65%, while Institutions and Non-Institutions held 15.95% and 9.41% respectively.
Avenue Supermarts has reported 14.94% rise in its net profit at Rs 736.82 crore for third quarter ended December 31, 2023 as compared to Rs 641.07 crore for the same quarter in the previous year. Total income of the company increased by 17.16% at Rs 13291.76 crore for Q3FY24 as compared Rs 11345.09 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 17.09% rise in net profit at Rs 690.41 crore for third quarter ended December 31, 2023 as compared to Rs 589.64 crore for the same quarter in the previous year. Total income of the company increased by 17.28% at Rs 13605.39 crore for Q3FY24 as compared Rs 11600.61 crore for the corresponding quarter previous year.
