AVENUE SUPERMARTS Announces Quarterly Results (2QFY22); Net Profit Up 110.4%

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AVENUE SUPERMARTS Announces Quarterly Results (2QFY22); Net Profit Up 110.4%
Wed, 20 Oct

AVENUE SUPERMARTS has announced its results for the quarter ended September 2021. Here is a detailed performance review of the same:

AVENUE SUPERMARTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-20*
3
Jun-21*
3
Sep-21*
QoQ ChangeYoY Change
Net SalesRs m53,06251,83177,88950.3%46.8%
Other incomeRs m522315275-12.6%-47.3%
TurnoverRs m53,58452,14678,16449.9%45.9%
ExpensesRs m49,76749,58971,20443.6%43.1%
Gross profitRs m3,2952,2426,686198.2%102.9%
DepreciationRs m1,0071,0741,1608.0%15.2%
InterestRs m9310812414.1%33.4%
Profit before taxRs m2,7171,3745,677313.3%109.0%
TaxRs m7324201,499257.0%105.0%
Profit after taxRs m1,9859544,178338.1%110.4%
Gross profit margin%6.24.38.6
Effective tax rate%26.930.626.4
Net profit margin%3.71.85.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 46.8% on a year-on-year (YoY) basis. The expenses were up by 43.1% YoY during the same period.
  • The company's operating profit increased by 102.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 2QFY22 as against 6.2% in 2QFY21.
  • Depreciation charges increased by 15.2% and finance costs increased by 33.4% YoY, respectively.
  • Other income declined by 47.3% YoY during the quarter.
  • Net profit for the quarter increased by 110.4% YoY. Net profit margins during the quarter increased from 3.7% in 2QFY21 to 5.3% in 2QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 50.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 43.6% QoQ during the same period.
  • The company's operating profit increased by 198.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.6% in 2QFY22 as against 4.3% in 1QFY21.
  • Net profit for the quarter increased by 338.1% QoQ, while net profit margins increased from 1.8% in 1QFY21 to 5.3% in 2QFY22.

To see how AVENUE SUPERMARTS has performed over the last eight quarters,please visit here.

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AVENUE SUPERMARTS Share Price Performance

Over the last one year, AVENUE SUPERMARTS share price has moved up from Rs 2,142.2 to Rs 4,563.4, registering a Gain of Rs 2,421.2 or around 113.0%.

Overall, the S&P BSE SENSEX is up 52.1% over the year.

Current Valuations

At the current price of Rs 4,563.4, the price to earnings (P/E) ratio of AVENUE SUPERMARTS stands at 215.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 24.3 times.

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