Retail chain major Avenue Supermarts-backed D-Mart to release its third quarter earnings for the financial year 2021-22 on Saturday. The results are expected to be robust with profit and revenue registering a year-on-year growth up to 28 per cent, while margins likely to witness minimal gain. 

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According to Zee Business research, the celebrity investor Radhakishan Damani-promoted D-Mart may report 22 per cent YoY growth in revenue to Rs 9,065 crore versus Rs 7432.7 crore in Q3FY21. 

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The company in its Q3 update last week had revealed that the standalone revenue from operations during the quarter stood at Rs 9,065.02 crore. While the total number of stores as of December 31, 2021 stood at 263, Avenue Supermarts had said. 

Similarly, the company’s profit likely to surge by 27.6 per cent to Rs 600 crore as compared to Rs 470.25 crore in the same period a year ago, Zee Business research said in preview. 

Meanwhile, the earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to grow 27.7 per cent to Rs 883 crore as against to Rs 691.4 crore in the same quarter a year ago. While the margins would report minor gains by 9.74 per cent versus 9.3 per cent YoY. 

The company last week on December 31 in a filing had said that meeting of Board of Directors is scheduled to be held on, January 8, 2022 to, consider and approve the un-audited standalone & consolidated financial results for the quarter and nine months ended on December 31, 2021. 

The stock price of D Mart closed flat with positive bias up by 0.5 per cent to Rs 4730.85 per share on the BSE, as compared to 0.24 per cent rise in the S&P BSE Sensex. The stock in the last one year had surged almost 60 per cent, while nearly 40 per cent in the last six months on the BSE.