V-Mart Q4 net profit at Rs 5 crore

Multi-brand retail chain V-Mart reported a standalone net profit of Rs 4.99 crore for the fourth quarter-ended March 31, 2017.

The company had posted a net profit of Rs 0.48 crore in the corresponding period of last fiscal.

Its total income during the period under review was up by 41.85% at Rs 252.58 crore as against Rs 178.05 crore of the January-March quarter last fiscal.

For the financial year ended March 31, V-Mart's net profit rose to Rs 39.52 crore from Rs 27.63 crore a year ago, a rise of 43%.

Its total income for during financial year 2016-17 was at Rs 1,004.81 crore, up 23.98% as against Rs 810.42 crore during the last fiscal.

Shares of V-Mart settled at Rs 960.65 on the BSE, up 2.09% from its previous close.