V-Mart Retail Q4 results: Net loss at Rs 8.43 crore, net sales at Rs 332.66 crore

New Delhi: Benefit vogue and life-style items retailer V-Mart Retail Ltd on Friday reported narrowing of its standalone net reduction to Rs eight.forty three crore in the quarter finished March 2020.

The corporation had posted a net reduction of Rs ninety.forty two crore in the January-March quarter of very last fiscal, V-Mart said in a regulatory submitting.

Its income from functions was down 3.44 for each cent at Rs 332.sixty six crore through the period of time under critique as in opposition to Rs 344.53 crore in the corresponding period of time of the earlier fiscal.

“The keep closures ensuing from back again-to-back again lockdowns have adversely afflicted our business functions and led to major drop in revenues, which was or else developing at 29 for each cent over very last yr until mid-March. This impacted gross margins and EBITDA disproportionately, as huge aspect of our business charges are fastened

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