BOM:544307

Jefferies Adjusts Vishal Mega Mart's Price Target to INR160 from INR180, Keeps at Buy

Vishal Megamart's Consolidated Profit Rises in Fiscal Q4

Vishal Megamart (NSE:VMM, BOM:544307) consolidated attributable profit rose to 1.68 billion Indian rupees in the fiscal fourth quarter ended March 31, from 1.15 billion rupees a year ago.Earnings per share came in at 0.36 rupees from 0.25 rupees a year earlier, the retail company said in a filing to the Indian stock exchanges on Thursday.Revenue from operations in fiscal Q4 also increased to 31.1 billion rupees from 25.5 billion rupees a year ago.The company's shares were down over 1% in recent trade.