29 May 2023, Mumbai
V2 Retail Limited has released its consolidated financial results for the period ending March 31, 2023. The company recorded a total income of Rs. 195.5594 crores during this period, showing a decrease from Rs. 242.0465 crores in the previous quarter. The net profit for Q4 FY2023 was reported as Rs. -7.7060 crores, down from Rs. 9.3168 crores in the previous quarter.
In terms of year-on-year (YoY) comparison, the company's total income increased to Rs. 195.5594 crores in Q4 FY2023 from Rs. 161.9099 crores in Q4 FY2022. However, the net profit declined to Rs. -7.7060 crores from Rs. -9.5113 crores in the same period last year.
For the full financial year ending March 31, 2023, V2 Retail Limited reported a total income of Rs. 845.5520 crores, representing a significant increase from Rs. 645.1139 crores in the previous year. The net profit for the year was reported as Rs. -12.8167 crores, compared to Rs. -11.6772 crores in the previous year.
The company's shares on the BSE were trading at Rs. 78.76, slightly lower than the previous close. The stock witnessed a trading volume of 1232 shares throughout the day, with a high of Rs. 80.48 and a low of Rs. 77.85.