V2 Retail Reports Strong Q3 FY24-25 Results with Significant Growth in Profitability and Sales

Jan 23 2025 09:00 PM IST
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V2 Retail announced strong financial results for the third quarter of FY24-25, with significant growth in Profit Before Tax and Profit After Tax. Net sales reached their highest in five quarters, and operating profit margins improved, indicating enhanced operational efficiency and profitability for shareholders.
V2 Retail has reported impressive financial results for the third quarter of FY24-25, showcasing significant growth across key metrics. The company's Profit Before Tax (PBT) reached Rs 67.34 crore, marking a remarkable year-on-year increase of 137.28%. Similarly, Profit After Tax (PAT) surged to Rs 51.19 crore, reflecting a 117.2% growth compared to the previous year.

Net sales also demonstrated robust performance, totaling Rs 590.94 crore, which is a 58.11% increase year-on-year and the highest recorded in the last five quarters. The operating profit, measured as PBDIT, reached Rs 111.49 crore, with an operating profit margin of 18.87%, indicating improved efficiency in operations.

Earnings per share (EPS) climbed to Rs 14.80, the highest in five quarters, signaling enhanced profitability for shareholders. Despite some challenges, including a rising debt-equity ratio and increased interest costs, V2 Retail's overall financial health appears strong, with positive trends in profitability and sales. The company has experienced evaluation changes, with a revision in its score reflecting its solid performance in the retail sector.

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