{"id":117353,"date":"2024-01-15T14:46:51","date_gmt":"2024-01-15T09:16:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117353"},"modified":"2024-01-15T16:33:34","modified_gmt":"2024-01-15T11:03:34","slug":"rk-damani-stock-jumps-after-companys-net-profits-increased-by-17-in-q3","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rk-damani-stock-jumps-after-companys-net-profits-increased-by-17-in-q3\/","title":{"rendered":"RK Damani stock jumps after company&#8217;s net profits increased by 17% in Q3"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4147001411\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>On Monday, the shares of this national supermarket chain gained up to 2.6 percent after the company\u2019s net revenue and net profit increased by around 17 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1883087839\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 2.51 lakh crore, the shares of Avenue Supermarts Ltd were trading at Rs 3,863.60 per share, increasing around 0.61 as compared to the previous closing price of Rs 3,840.10 apiece.&nbsp;<\/p><p>Looking into the company&#8217;s Performance, Avenue Supermarts Ltd&#8217;s revenue increased by 7 percent on a quarter-on-quarter basis from Rs.12,624 crores in Q2FY24 to Rs.13,572 crores in Q3 FY24. Further, revenue increased by 17 percent year on year from Rs. 11,569 crores in Q3FY23 to Rs.13,572 crores in Q3FY24.&nbsp;<\/p><p>Avenue Supermarts Ltd&#8217;s net profit increased by 10 percent on a quarter-on-quarter basis from Rs. 623 crores in Q2FY24 to Rs. 690 crores in Q3FY24. Further, net profit increased by 17 percent year on year from Rs. 590 crores in Q3FY23 to Rs.690 crores in Q3FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4097341955\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>In FY 2022-23, the firm successfully established 40 new shops. Avenue Supermarts has more than increased its shop count to 324 since fiscal year 2017-18, despite the pandemic&#8217;s onset in 2020.&nbsp;<\/p><p>Avenue Supermarts Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 16.0 percent and a return on capital employed (ROCE) of 20.1 percent.&nbsp;<\/p><p>Avenue Supermarts Ltd&#8217;s latest ownership pattern shows that the promoter&#8217;s control 74.64 percent, retail shareholders own 9.41 percent, and foreign institutional investors own 7.67 percent.&nbsp;<\/p><p>Avenue Supermarts Limited (DMart) is a nationwide supermarket company that focuses on value-retailing. The product categories include Foods, Non-Foods (FMCG), and General Merchandise &amp; Apparel.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-690293331\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>On Monday, the shares of this national supermarket chain gained up to 2.6 percent after the company\u2019s net revenue and net profit increased by around 17 percent.&nbsp; With a market capitalization of Rs 2.51 lakh crore, the shares of Avenue Supermarts Ltd were trading at Rs 3,863.60 per share, increasing around 0.61 as compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-117353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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