Osia Hyper Retail Ltd’s Revenue Soars, PAT Surges in Q3FY24 (Image Source: iStockphoto)
Minerva Ventures Fund has acquired a significant stake in Osia Hyper Retail Ltd on March 21, 2024, according to the NSE data. The acquisition comprised 35,00,000 shares at an average price of Rs. 30.65.
Osia Hyper Retail Ltd Q3 Results
Osia Hyper Retail Ltd announced earnings for the quarter and nine months ending December 31, 2023. The company reported robust revenue growth, with Q3FY24 revenue from operations standing at Rs. 355 Cr, marking a 71% year-on-year increase. Additionally, the profit after tax (PAT) surged by 70% year-on-year, from Rs. 2.99 Cr in Q3FY23 to Rs. 5.10 Cr in Q3FY24. For the nine-month period, revenue from operations reached Rs. 832 Cr, showcasing a substantial 51% year-on-year growth, while the PAT witnessed a notable 60% year-on-year rise, reaching Rs. 13.61 Cr in Q3FY24.
Osia Hyper Retail Ltd, operating under the brand name Osia Hypermart, is a prominent retail chain headquartered in Gujarat. Renowned for its commitment to delivering quality products at affordable prices, Osia Hypermart offers an extensive range of over 300,000 products catering to diverse consumer needs.
Osia Hypermart is revolutionizing the organized retail sector in India with its innovative approach. The retail chain operates on a 50:50 split between food and non-food divisions, both equally emphasized. With a robust presence across digital platforms and a network of over 40 stores, Osia Hypermart caters to millions of customers across major cities in Gujarat. Boasting a cumulative retail space exceeding 7.8 lakhs square feet, the company is dedicated to continuous innovation and delivering exceptional service to its patrons.
On Friday, the shares of Osia Hyper Retail closed at Rs 32.15, 4.89 per cent up from the previous day’s closing. The 52 week high and low of the share is Rs 78.15 and Rs 27.60 respectively.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TN NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
