Home News Avenue Supermarts Ltd.Standalone Total Revenue down by 12.3% at Rs. 5,218 Crore

Avenue Supermarts Ltd.Standalone Total Revenue down by 12.3% at Rs. 5,218 Crore

by Our Corresspondent - Oct 17, 2020

For the Quarter ended September 30, 2020 (Q2FY21):

 

Standalone Results

· Total Revenue stood at Rs. 5,218 Crore, lower by 12.3% y-o-y

· EBITDA of Rs. 325 Crore; y-o-y decline of 37.0%

· PAT stood at Rs. 211 Crore; y-o-y decline of 36.9%

· Basic EPS for Q2FY21 stood at Rs. 3.25, as compared to Rs. 5.34 for Q2FY20

· 6 stores were added and 2 were closed and converted into Fulfilment Centre for Ecommerce

Business in Q2FY21

For the Half Year ended September 30, 2020 (H1FY21):

· Total Revenue stood at Rs. 9,051 Crore, lower by 22.8% y-o-y

· EBITDA of Rs. 434 Crore; y-o-y decline of 61%

· PAT stood at Rs. 260 Crore; y-o-y decline of 61.1%

· Basic EPS for H1FY21 stood at Rs.4.02, as compared to Rs. 10.72 for H1FY20

· 8 stores were added in H1FY21 and 2 were closed and converted into Fulfilment Centre for E-Commerce Business in H1FY21


Mumbai : Avenue Supermarts Ltd. (ASL), one of the largest food & grocery retailers in India, today declared its standalone and consolidated financial results for the quarter and half year ended September 30, 2020.


Standalone results


Total Revenue for the quarter ended September 30, 2020 stood at Rs. 5,218 crore, as compared to Rs. 5,949 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY21 stood at Rs. 325 crore, as compared to Rs. 515 crore in the corresponding quarter of last year. EBITDA margin stood at 6.2% in Q2FY21 as compared to 8.7% in Q2FY20.


Net Profit stood at Rs. 211 crore for Q2FY21, as compared to Rs. 333 crore in the corresponding quarter of last year. PAT margin stood at 4.0% in Q2FY21 as compared to 5.6% in Q2FY20.


Basic Earnings per share (EPS) for Q2FY21 stood at Rs. 3.25, as compared with Rs. 5.34 for Q2FY20.


Total Revenue for H1FY21 stood at Rs. 9,051 crore, as compared to Rs. 11,730 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in H1FY21 stood at Rs. 434 crore, as compared to Rs. 1,111 crore during H1FY20. EBITDA margin stood at 4.8% in Q2FY21 as compared to 9.5% in Q2FY20.


Net Profit stood at Rs. 260 crore for H1FY21, as compared to Rs. 669 crore in H1FY20. PAT margin stood at 2.8% in Q2FY21 as compared to 5.7% in Q2FY20.

Basic Earnings per share (EPS) for H1 FY21 stood at Rs. 4.02, as compared with Rs. 10.72 for H1FY20.


Consolidated results

Total Revenue for the quarter ended September 30, 2020 stood at Rs. 5,306 crore, as compared to Rs. 5,991 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in Q2FY21 stood at Rs. 330 crore, as compared to Rs. 517 crore in the corresponding quarter of last year. EBITDA margin stood at 6.2% in Q2FY21 as compared to 8.6% in Q2FY20.



Net Profit stood at Rs. 199 crore for Q2 FY21, as compared to Rs. 323 crore in the corresponding quarter of last year. PAT margin stood at 3.7% in Q2FY21 as compared to 5.4% in Q2FY20.


Basic Earnings per share (EPS) for Q2FY21 stood at Rs. 3.07, as compared with Rs. 5.17 for Q2FY20.

Total Revenue for H1FY21 stood at Rs. 9,189 crore, as compared to Rs. 11,805 crore in the same period last year. Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) in H1FY21 stood at Rs. 441 crore, as compared to Rs. 1,114 crore during H1FY20. EBITDA margin stood at 4.8% in Q2FY21 as compared to 9.4% in Q2FY20.

Net Profit stood at Rs. 239 crore for H1FY21, as compared to Rs. 646 crore in H1FY20. PAT margin stood at 2.6% in Q2FY21 as compared to 5.5% in Q2FY20.


Basic Earnings per share (EPS) for H1FY21 stood at Rs. 3.68, as compared with Rs. 10.35 for H1FY20.


D-Mart follows Everyday low cost - Everyday low price (EDLC-EDLP) strategy which aims at procuring goods at competitive price, using operational and distribution efficiency and thereby delivering value for money to customers by selling at competitive prices.


Commenting on the performance of the company Mr. Neville Noronha, CEO & Managing Director, Avenue Supermarts Limited, said: