Integrated Filing — IndAS

General information about company
Scrip Code	534976
NSE Symbol	VMART
MSEI Symbol	NOTLISTED
ISIN	INE665J01013
Name of company	V-MART RETAIL LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	02-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	23-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	02-May-2025   14:00:00
End date and time of board meeting	02-May-2025   14:48:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-04
Indicate Company website link for updated RPT policy of the Company	https://vmart.co.in/wp-content/uploads/Related-Party-Transaction-Policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
NA

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	7800800000	32538600000
	Other income	23300000	121200000
	Total income	7824100000	32659800000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	6905900000	23004800000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-1686800000	-1707600000
(d)	Employee benefit expense	974400000	3633800000
(e)	Finance costs	174000000	1364600000
(f)	Depreciation, depletion and amortisation expense	543600000	2329900000
(f)	Other Expenses
1	Other Expenses	925900000	3836500000
	Total other expenses	925900000	3836500000
	Total expenses	7837000000	32462000000
3	Total profit before exceptional items and tax	-12900000	197800000
4	Exceptional items	241800000	241800000
5	Total profit before tax	228900000	439600000
6	Tax expense
7	Current tax	-56800000	700000
8	Deferred tax	100600000	-18800000
9	Total tax expenses	43800000	-18100000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	185100000	457700000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	185100000	457700000
17	Other comprehensive income net of taxes	-8900000	-28100000
18	Total Comprehensive Income for the period	176200000	429600000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	198000000	198000000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		7903800000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	9.35	23.12
	Diluted earnings (loss) per share from continuing operations	9.25	22.89
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	9.35	23.12
	Diluted earnings (loss) per share from continuing and discontinued operations	9.25	22.89
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		1. These financials results have been prepared in accordance with Indian Accounting Standard (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 read with Rule 3 of Companies (Indian Accounting Standards) Rules, 2015 and relevant amendments thereafter. n n2. The above financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 02, 2025 and have been audited by the statutory auditors of the Company. n n3. Pursuant to the Company's Employee Stock Option Scheme 2020 and 2012 (Scheme), the Company has issued 22,916 shares during the year ended March 31, 2025 on account of exercise of vested stock options. n n4. There are no subsidiary/associate/joint venture of the Company as on March 31, 2025, hence no requirement to present consolidated financial results for the year ended March 31, 2025. n n5. During the quarter, the Company reassessed its lease term estimates for store leases in accordance with Ind AS 116. This reassessment reflects the evolving nature of the Company's store portfolio based on historical trends as well as future operating strategy. Accordingly. lease term estimates have been revised to closely align with the period over which management reasonably expects to exercise option to renew its lease contracts. This has led to a reassessment of the estimates of measurement and recognition of Right-of-Use (ROU) assets (including associated security deposits) and corresponding lease liabilities under Ind AS 11 6. The above reassessment resulted in the recognition of a net exceptional gain of Rs. 2,418 lakhs during the quarter and year ended March 31, 2025. n n6. The figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year and the unaudited published year-to-date figures up to the end of the third quarter of the respective financial year which were subject to limited review by the statutory auditors. n n7. The Board of Directors of the Company, in their meeting held on May 2, 2025, approved issuance of 3 bonus shares on 1 fully paid up equity share having face value of Rs. 10/- each. subject to the approval of shareholders at the Annual General Meeting of the Company.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	5274100000
	Capital work-in-progress	43100000
	Investment property	0
	Goodwill	15000000
	Other intangible assets	397300000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	0
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	461800000
	Total non-current financial assets	461800000
	Deferred tax assets (net)	848800000
	Other non-current assets	5064400000
	Total non-current assets	12104500000
2	Current assets
	Inventories	9868300000
	Current financial asset
	Current investments	50500000
	Trade receivables, current	0
	Cash and cash equivalents	394200000
	Bank balance other than cash and cash equivalents	0
	Loans, current	2800000
	Other current financial assets	399700000
	Total current financial assets	847200000
	Current tax assets (net)	0
	Other current assets	1542400000
	Total current assets	12257900000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	24362400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	198000000
	Other equity	7903800000
	Total equity attributable to owners of parent	8101800000
	Non controlling interest
	Total equity	8101800000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	4409700000
	Total non-current financial liabilities	4409700000
	Provisions, non-current	0
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	170000000
	Total non-current liabilities	4579700000
	Current liabilities
	Current financial liabilities
	Borrowings, current	1489600000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	1921200000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	5698600000
	Total Trade payable	7619800000
	Other current financial liabilities	2370500000
	Total current financial liabilities	11479900000
	Other current liabilities	193400000
	Provisions, current	0
	Current tax liabilities (Net)	7600000
	Deferred government grants, Current	0
	Total current liabilities	11680900000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	16260600000
	Total equity and liabilites	24362400000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Retail Trade	7718400000	32131000000
2	Digital Market Place	105400000	505600000
	Total Segment Revenue	7823800000	32636600000
	Less: Inter segment revenue	23000000	23000000
	Revenue from operations	7800800000	32538600000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Retail Trade	109200000	719300000
2	Digital Market Place	-71100000	-327600000
	Total Profit before tax	38100000	391700000
	i. Finance cost	27200000	27200000
	ii. Other Unallocable Expenditure net off Unallocable income	23800000	23800000
	Profit before tax	-12900000	197800000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Retail Trade	22699700000	22699700000
2	Digital Market Place	358500000	358500000
	Total Segment Asset	23058200000	23058200000
	Un-allocable Assets	1304200000	1304200000
	Net Segment Asset	24362400000	24362400000
4	Segment Liabilities
	Segment Liabilities
1	Retail Trade	14523300000	14523300000
2	Digital Market Place	230900000	230900000
	Total Segment Liabilities	14754200000	14754200000
	Un-allocable Liabilities	1506400000	1506400000
	Net Segment Liabilities	16260600000	16260600000
	Disclosure of notes on segments	Textual Information(2)

Text Block

Textual Information(2)

Segment revenue from Digital Marketplace amounting to Rs. 1,054 lakhs, Rs. 1,363 lakhs and Rs. 1,694 lakh (pertaining to quarter ended March 31, 2025, December 31, 2024 and March 31, 2024 respectively) represent platform commission income charged from sellers on the Net Merchandising Value (NMV) of Rs. 2,343 lakhs, Rs. 2,940 lakhs and Rs. 3,624 lakhs for quarter ended quarter ended March 31, 2025, December 31, 2024 and March 31, 2024 respectively)

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurement gain/ (loss) of net defined benefit obligations	-11900000	-37500000
	Total Amount of items that will not be reclassified to profit and loss	-11900000	-37500000
2	Income tax relating to items that will not be reclassified to profit or loss	-3000000	-9400000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-8900000	-28100000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			439600000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1364600000
	Adjustments for decrease (increase) in inventories			-1707600000
	Adjustments for decrease (increase) in trade receivables, current			0
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			26300000
	Adjustments for decrease (increase) in other non-current assets			-187500000
	Adjustments for other financial assets, non-current			-200400000
	Adjustments for other financial assets, current			190000000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1309900000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			-40900000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			2329900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			21100000
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			20900000
	Adjustments for other financial liabilities, current			85400000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			40900000
	Adjustments for share-based payments			160800000
	Adjustments for fair value losses (gains)			-3500000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			2900000
	Other adjustments to reconcile profit (loss)			-265000000
	Other adjustments for non-cash items			2600000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			3068600000
	Net cash flows from (used in) operations			3508200000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			14200000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			3494000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			14600000
	Purchase of property, plant and equipment			1238200000
	Proceeds from sales of investment property			2667300000
	Purchase of investment property			2670200000
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			22400000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			13100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			12900000
	Net cash flows from (used in) investing activities	-1222900000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			41500000
	Proceeds from issuing other equity instruments			389600000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			2347300000
	Dividends paid			0
	Interest paid			233000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-2149200000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			121900000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			121900000
	Cash and cash equivalents cash flow statement at beginning of period			272300000
	Cash and cash equivalents cash flow statement at end of period			394200000