Avenue Supermarts Ltd posts Rs. 413.88 crores consolidated PAT in Q4 FY2020-21

Avenue Supermarts Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.7459.80 crores during the period ended March 31, 2021 as compared to Rs.7587.32 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.413.88 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.446.97 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.6.34 for the period ended March 31, 2021 as compared to Rs.6.85 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 7459.80 crs	₹ 7587.32 crs	-1.68%
Net Profit	₹ 413.88 crs	₹ 446.97 crs	-7.4%
EPS	₹ 6.34	₹ 6.85	-7.45%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.7459.80 crores during the period ended March 31, 2021 as compared to Rs.6290.78 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.413.88 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.271.29 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.6.34 for the period ended March 31, 2021 as compared to Rs.4.21 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 7459.80 crs	₹ 6290.78 crs	18.58%
Net Profit	₹ 413.88 crs	₹ 271.29 crs	52.56%
EPS	₹ 6.34	₹ 4.21	50.59%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.24339.27 crores during the 12 months period ended March 31, 2021 as compared to Rs.24930.19 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.1099.49 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.1301.08 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.16.85 for the 12 months period ended March 31, 2021 as compared to Rs.20.55 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 24339.27 crs	₹ 24930.19 crs	-2.37%
Net Profit	₹ 1099.49 crs	₹ 1301.08 crs	-15.49%
EPS	₹ 16.85	₹20.55	-18%

Commenting on the performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: FY 2021 has been a challenging year for our business. The year began amidst a strict lockdown post the emergence of the Coronavirus (Covid-19) towards the end of the last financial year. The economy gradually opened post May 2020 and the second half of the year was progressing towards recovery. However, a much stronger second wave of Covid-19 infections hit the country towards the end of FY 2021 and has once again resulted in significant disruption to our business as several cities and towns have announced restrictions.

Shares of Avenue Supermarts Ltd was last trading in BSE at Rs.2888.75 as compared to the previous close of Rs. 2878.05. The total number of shares traded during the day was 17826 in over 1850 trades.

The stock hit an intraday high of Rs. 2954.95 and intraday low of 2851. The net turnover during the day was Rs. 51929401.

Source : Equity Bulls

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