The company gave this information
The company said that on an annual basis, the consolidated net profit increased by 6.7% year-on-year. The growth came in below analyst estimates as the net profit was expected to be Rs 672 crore. According to the company, the consolidated revenue of the company has increased by 25.5 percent on an annual basis to Rs 11,569.05 crore. However, higher expenses and a sharp change in profit have impacted the bottomline this quarter. EBITDA has increased by 11.4 percent to Rs 965 crore on an annual basis. According to the company, the operating margin declined sharply by 106 basis points to 8.34 per cent during the December quarter.
Dmart shares likely to rise
With the increase in the profit of the company, there is a possibility of a rise in the shares. However, today i.e. on Monday, there has been a decline in the shares of Dmart. Today the shares of Dmart opened at the level of Rs 3,690.00. After this, it reached a high of Rs 3,748.00 in the day’s trade. After this it has closed at the level of Rs 3,680.25. Last week, ahead of the announcement of December quarter results, Dmart shares were marginally down. On Friday, at the close of the market, the share price of Dmart fell by Rs 56 to 3,855.
Source: navbharattimes.indiatimes.com
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