DMart share price:Shares of Avenue Supermarts (DMart) dropped up to 9.37 per cent to hit an intraday low of Rs 4,143.60 per share on Monday, October 14, 2024.
The fall in DMart share price came after the company's September quarter results missed street expectations.
In the September quarter (Q2FY25), DMart's net profit increased 5.8 per cent year-on-year (Y-o-Y) to Rs 659.6 crore, compared to Rs 623.6 crore in the same quarter previous fiscal (Q2FY24). The revenue rose 14.4 per cent annually to Rs 14,444.5 crore, up from Rs 12,624.37 crore in Q2FY24. DMart's earnings before interest, taxes, depreciation, and amortisation (Ebitda) jumped 29.3 per cent to Rs 1,093.8 crore, compared to Rs 846 crore in the previous year. Consequently, Ebitda margin expanded to 7.6 per cent, improving from 6.7 per cent year-on-year.
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