V-Mart Retail Ltd posted a substantial net loss of Rs 64.12 crore for Q2 2024, in stark contrast to the Rs 11.31 crore loss in the same period last year.
Revenue for the September quarter reached Rs 549.43 crore, up from Rs 506.16 crore in the prior year.
The company emphasized the incompatibility of results, owing to its recent acquisition of LimeRoad's digital marketplace operations.
Hence, comparing Q2 2024 with the results of the same period in 2023 is not valid. V-Mart's total expenses in the September quarter tallied to Rs 637.84 crore.
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