Avenue Supermarts dips post Q4 results on profit booking

Since listing on March 21, the stock rallied 26% against 1.3% rise in Sensex, till Friday, May 5

Avenue Supermarts, which runs the D-Mart value retail chain, was trading 3.5% lower at Rs 780 on BSE, in an otherwise firm market even after the company reported 47% growth in net profit at Rs 97 crore for the quarter ended March 2017 (Q4FY17). The company had profit of Rs 66 crore in the same quarter year ago.

Total revenue during the quarter increased 40.5% at Rs 3,120 crore over the previous year quarter. Earnings before interest, tax, depreciation and amortization (EBITDA) margin improved from 6.93% in Q4FY16 to 6.95% in Q4FY17.

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