V-Mart Retail Q3 results: Profit rises two-fold to ₹71.63 crore, sales up 15.4%

V-Mart Retail Ltd on Tuesday reported an over two-fold increase in its net profit to ₹71.63 crore for the third quarter ended December 2024.

The company had posted a net profit of ₹28.23 crore in the October-December quarter of the previous fiscal, according to a regulatory filing.

Its revenue from operations was up 15.5% to ₹1,026.73 crore in the latest December quarter. It was ₹889.05 crore in the corresponding period of the previous fiscal.

V-Mart's total expenses in the December quarter were up 11% to ₹960.37 crore.

The total income of V-Mart, which includes other income, in the reporting quarter, was at ₹1,030.11 crore, up 14.2% year on year.

"The company remains focused on its store expansion plan and opened 21 new stores in Q3 FY25, taking the total number of stores pan-India to 488 as at quarter end," said V-Mart in its earnings statement.

Shares of V-Mart Retail Ltd on Tuesday settled at ₹3,488.45 apiece, up 3.94% from the previous close.