Avenue Supermarts Ltd posts consolidated PAT of Rs. 271.28 crore in Q4 FY2020

Avenue Supermarts Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.6290.78 crores during the period ended March 31, 2020 as compared to Rs.6815 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.271.28 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.384.01 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.4.21 for the period ended March 31, 2020 as compared to Rs.6.09 for the period ended December 31, 2019.

Financials	Q4 FY19-20	Q3 FY19-20	% Change
Total Income	₹ 6290.78 crs	₹ 6815 crs	-7.69%
Net Profit	₹ 271.28 crs	₹ 384.01 crs	-29.36%
EPS	₹ 4.21	₹ 6.09	-30.87%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.6290.78 crores during the period ended March 31, 2020 as compared to Rs.5074.89 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.271.28 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.191.57 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.4.21 for the period ended March 31, 2020 as compared to Rs.3.03 for the period ended March 31, 2019.

Financials	Q4 FY19-20	Q4 FY18-19	% Change
Total Income	₹ 6290.78 crs	₹ 5074.89 crs	23.96%
Net Profit	₹ 271.28 crs	₹ 191.57 crs	41.61%
EPS	₹ 4.21	₹ 3.03	38.94%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.24930.19 crores during the 12 months period ended March 31, 2020 as compared to Rs.20052.87 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.1300.98 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.902.46 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.20.55 for the 12 months period ended March 31, 2020 as compared to Rs.14.26 for the 12 months period ended March 31, 2019.

Financials	Year Ended FY19-20	Year Ended FY18-19	% Change
Total Income	₹ 24930.19 crs	₹ 20052.87 crs	24.32%
Net Profit	₹ 1300.98 crs	₹ 902.46 crs	44.16%
EPS	₹ 20.55	₹14.26	44.11%

Commenting on the performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: Overall, FY 2020 saw a healthy 24% revenue growth while PAT margins were in line with expectations. Our LFL growth for FY2020 was 10.9%. Two reasons for this. One is that stores that are more than 5 years old grew at a rate lower than the previous year and most of the stores that are younger are peaking faster, even before they qualify for the 24 months LFL measurement. We opened a record 38 new stores, 6-8 of those stores should have actually opened last year. We also completed a successful equity fund raise to make our balance sheet stronger, resilient and also help augment our future growth.

Shares of Avenue Supermarts Ltd was last trading in BSE at Rs.2402.55 as compared to the previous close of Rs. 2470.5. The total number of shares traded during the day was 18747 in over 1858 trades.

The stock hit an intraday high of Rs. 2518 and intraday low of 2395.05. The net turnover during the day was Rs. 46003213.

Source : Equity Bulls

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