V-Mart Q4 net profit up 46.79 per cent to Rs 1.6 crore

Multi-brand retail chain V-Mart has reported 46.79 percent increase in its net profit to Rs 1.60 crore for the fourth quarter ended March 31, 2015. The company had posted a net profit of Rs 1.09 crore during the January-March period of previous financial year. V-Mart's total income from operations during the quarter under review increased by 22.92 percent to Rs 170.64 crores against Rs 138.82 crores during the same period of last financial year, the company said in a filing to the BSE.

In the financial year ended March 31, the company's net profit increased 48.54 percent to Rs 37.36 crores compared to Rs 25.15 crores in the previous fiscal year. The company's total income from operation also increased 25.31 percent to Rs 720.50 crores in FY15 against Rs 574.95 crores of FY14. In a separate filing, V-Mart informed that its board has recommended a dividend of 15 percent or Rs 1.50 per equity share of the face value of Rs 10 each for FY15.

As a part of its growth strategy, the company having most of its stores in Tier II and III cities, aims to continue reporting a compounded annual growth rate (CAGR) of over 30 per cent for the next four to five years, while expanding its retail footprint across the country.