D-Mart parent Q4 net profit up at Rs 97 crore

The company also launched its e commerce operations last quarter

In the first quarterly results declared after its public issue, Avenue Supermarts, which runs D-Mart stores, posted a 47 per cent growth in its standalone net profit for the fourth quarter of financial year 2016-17 (FY17). 

The company posted a net profit of Rs 97 crore in Q4FY17, compared to Rs 66 crore in the corresponding quarter of the year earlier. Total income went up 40.5 per cent at Rs 3,120 crore in Q4FY17 compared to Rs 2,220 crore in the year-ago period.

The company posted a 41 per cent growth in its earnings before interest, tax, depreciation and amortisation