VMM · Consumer Services
Vishal Mega Mart Ltd. reported revenue of ₹3,136 cr for October to December 2024, +19.5% on the year and +28.7% on the quarter.
Operating profit (EBITDA) was ₹505 cr, a margin of 16.1%, −17 bps on the year and +371 bps on the quarter. Operating costs grew +19.8%, broadly with revenue, so operating profit kept pace with sales.
Net profit was ₹263 cr, +28.3% on the year and +152.9% on the quarter, with earnings per share of ₹0.58. Profit before other income, one-offs and tax grew 27.1%, so the profit growth came from the business itself. The tax rate of 25% is in line with its recent average.
On earnings per share of ₹1.28 over the last four quarters, the stock at ₹92.62 trades at 72.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2,624 cr | ₹2,069 cr | ₹2,596 cr | ₹2,436 cr | ₹3,136 cr | ₹2,548 cr | ₹3,140 cr | ₹2,981 cr | ₹3,670 cr | ₹3,114 cr | ₹3,727 cr | ₹3,399 cr |
| YoY | — | — | — | — | +20% | +23% | +21% | +22% | +17% | +22% | +19% | +14% |
| EBITDA margin | 16.3% | 12.1% | 14.1% | 12.4% | 16.1% | 14.0% | 14.6% | 13.3% | 16.5% | 13.6% | 14.6% | 12.1% |
| Other income, % of PBT | 4% | 8% | 4% | 9% | 5% | 12% | 6% | 10% | 6% | 11% | 10% | 18% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 28% | 25% | 26% | 25% | 26% | 25% | 25% | 25% | 25% | 25% | 25% |
| Net profit | ₹205 cr | ₹61.0 cr | ₹150 cr | ₹104 cr | ₹263 cr | ₹115 cr | ₹206 cr | ₹152 cr | ₹313 cr | ₹168 cr | ₹259 cr | ₹158 cr |
| YoY | — | — | — | — | +28% | +89% | +37% | +46% | +19% | +46% | +26% | +4% |
| Core profit YoY | — | — | — | — | +27% | +76% | +34% | +44% | +18% | +46% | +21% | −6% |
| EPS | ₹0.46 | ₹0.14 | ₹0.33 | ₹0.23 | ₹0.58 | ₹0.25 | ₹0.44 | ₹0.33 | ₹0.67 | ₹0.36 | ₹0.55 | ₹0.34 |
| Flags | · | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Vishal Mega Mart Ltd. reported revenue of ₹3,136 cr (+19.5% on the year) and net profit of ₹263 cr (+28.3% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +27.1% on the year, against +28.3% for reported profit.
None of the 7 checks that could run raised a question.
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