Avenue Supermarts shares leap almost 6% after Q3 earnings

Shares of Avenue Supermarts gained almost 6 per cent in early commerce on Monday after the agency reported a rise of 16.39 per cent in its consolidated internet revenue for the third quarter ended December 2020.
The inventory jumped 5.47 per cent to Rs 3,130.05 — its one-year excessive — on BSE.
On NSE, it rallied 5.71 per cent to its one-year excessive of Rs 3,137.

Avenue Supermarts, which owns and operates retail chain D-Mart, on Saturday reported a rise of 16.39 per cent in its consolidated internet revenue at Rs 446.95 crore for the third quarter ended December 2020.
The firm had posted a internet revenue of Rs 384.01 crore within the October-December quarter a yr in the past, Avenue Supermarts stated in a BSE submitting.

Its income from operations was up 10.77 per cent at Rs 7,542 crore through the quarter underneath evaluate as in opposition to Rs 6,808.93 crore within the corresponding quarter final fiscal.