New Delhi: Value fashion and lifestyle products retailer V-Mart Retail Ltd has reported narrowing of its net loss to Rs 28.71 crore for the first quarter ended in June 2021. The company had posted a net loss of Rs 33.63 crore in the April-June quarter last fiscal, V-Mart said in a regulatory filing.
Its revenue from operations was up over two-folds to Rs 177.41 crore during the period under review as against Rs 78.06 crore in the corresponding period of the previous fiscal.
V-Mart total expenses were at Rs 220.42 crore, up 76.60 per cent in Q1/FY 2020-21, as against Rs 124.81 crore, down 36.06 per cent.
Shares of V-Mart Retail Ltd on Tuesday settled at Rs 3,631.45 on BSE, down 1.05 per cent from the previous close.
