Avenue Supermarts Q3 results 2024: DMart may report rise in revenue, PAT on operating profit growth

Posted on:
Key Points

Avenue Supermarts Q3 results today: The company results season for the third quarter of the financial year 2023-24 kickstarted on 11th January 2024..

After the announcement of Q3 results 2024 by companies like Infosys, Tata Consultancy Services (TCS), Wipro, HCL Technologies, HDFC AMC, HDFC Life, Anand Rathi, JTL Industries, etc, Avenue Supermarts Ltd, which is doing business as DMart, is going to declare its Q3 results today...

Informing Indian exchanges about the board meeting and its agenda, Avenue Supermarts said in exchange filling, "Pursuant to Regulation 29 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that meeting of the Board of Directors of the Company is scheduled to be held on Saturday, January 13, 2024 to, inter alia, consider and approve the Un-audited Standalone & Consolidated Financial Results of the Company for the quarter and nine months ended on December 31, 2023.".

Speaking on the upcoming Avenue Supermarts Q3 results 2024, Amit Goel, Co-Founder & Chief Global Strategist at Pace 360 said, "We anticipate that the company's revenue is poised to rise by 5.95% on a quarter-on-quarter (QoQ) basis, reaching 13,375 crore, showcasing steady growth from the previous 12,624 crore..

Advising stock market investors to add DMart shares to their portfolio, Amit Goel of Pace 360 said, "Avenue Supermarts share price has remained flat during the previous three months (from 3,862 to 3,850)..

You might be interested in

Trent Q1 results: Profit jumps 44% at ₹148.27 crore

09, Aug, 23

Standalone revenue from operations grew 53.4% from ₹1,652.86 crore reported in they ago period to ₹2,536.43 crore, the company said

Divi’s Labs Q4 Results: Cons PAT slumps 64% YoY to Rs 321 crore; Rs 30/share dividend declared

20, May, 23

Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), plunged 56% YoY to Rs 488 crore in Q4, and operating margin shrunk a whopping 1886 basis points to 24.99%.

Bharti Airtel Q4 Results: Cons PAT surges 50% YoY to Rs 3,006 crore, beats estimates

16, May, 23

The board has recommended a final dividend payout of Rs 4 a share.

Cyient stock up 103% in CY23 so far; should you consider buying?

01, Nov, 23

This year, the stock achieved significant milestones, breaking the ₹1,000 mark for the first time on March 24 and maintaining its upward momentum to reach a record high of ₹1,945 in September, coming tantalizingly close to the ₹2,000 level.

India's Coforge Q3 profit rises on deal wins, maintains FY revenue forecast

22, Jan, 24

BENGALURU (Reuters) - Indian IT services company Coforge reported a 4.3% increase in third-quarter profit, aided by deal wins in a challenging macroeconomic environment, and reiterated its revenue

Latent View Q4 Results: Revenue Drops 3%, Profit Slumps 35%

09, May, 23

Net profit of Latent View fell 34.81% sequentially to Rs 34.20 crore on the back of revenue that declined 2.95% to Rs 141.06 crore

DMart Q4 update: Revenue rises 20% YoY to ₹10,337 cr; store count at 324

06, Apr, 23

As of the end of the March quarter, Avenue Supermarts had a total of 324 stores, up from 306 stores at the end of the previous quarter in December.

Avenue Supermarts shares fall 4% as Q2 profit drops. Should you buy, sell or hold?

16, Oct, 23

Avenue Supermarts on Saturday reported a consolidated net profit of Rs 623.35 crore for the quarter ended September 30, 2023, which was down by over 9% from Rs 685.71 crore reported by the company in the corresponding period of the previous financial year. The company which operates DMart reported a consolidated revenue from operations at Rs 12,624 crore which was up by 18.66% from Rs 10,638.33 reported by the company in Q2FY23.

Piramal Pharma allocates Rs 330 crore towards capex H2FY24

04, Dec, 23

Firm targets Rs 1,000 crore growth in consumer health business

RIL Q4 preview: EBITDA seen growing faster than sales, D-Street to eye 5 major updates

20, Apr, 23

Brokerage Nuvama Institutional Equities expects RILs consolidated operating profit to grow 16% on year and 3% sequentially, led by a significant rise in gas prices, higher footfalls in the Reliance Retails outlets, and growth in the average revenue per user (ARPU) at Reliance Jio.