As 2024 settles into history books, many look forward to the developments in 2025. However, there are some remains of 2024 that cannot be ignored. One of them is the quarterly results for the third quarter of FY25 or FY 2024-25.
DMart’s Dynamite Revenue
DMart recently gave a taste into the progress of its quarter, and it appears to have been welcomed by investors at Dalal Street.
DMart shares surged by over 12 per cent in the intraday trade, touching the coveted milestone of Rs 4,000 per share.
When we look at the reason for this spike, as per the company’s own exchange filing, the company saw its revenue surge to Rs 15,565.23 crore in quarter that started in October and ended in December 2024. This is greater than the revenue that the company generated in the same quarter last year.
The overall revenue in December of 2023 stood at Rs 13,247.33 crore. This marked a year-over-year jump of 17.49 per cent.
In addition, the company has exhibited a progressive rise in its revenue numbers over the years. In 2022, the Radhakrishna Damani-led company engendered revenue of Rs 11,304.58 crore.
DMart Shares Soar
When we look at the company shares, they have made monumental gains in span of the intraday trade on Friday. After opening at Rs 3,840.00 per share, higher than the Rs 3,611.10 per share, where it had closed for the previous trading session.
This progress further surged in the day’s trade as the company shares skyrocketed past the Rs 4,000 mark. In all, the overall surge in the day’s trade stood at 12.09 per cent or Rs 436.70.
This took the overall value of the company stock price to Rs 4,047.80 per share. This supplemented its recent rise, as the cumulative spike over the past 5 trading sessions stood at Rs 529.95 or 15.06 per cent.
DMart also notified the market, that its total number of stores as of December 31, 2024 stood at 387.
