Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of V2 Retail Ltd
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 240 | 193 | 264 | 231 | 374 | 296 | 415 | 380 | 591 | 499 | 632 | 709 | 929 |
| Expenses + | 202 | 179 | 228 | 211 | 313 | 265 | 360 | 347 | 479 | 441 | 545 | 623 | 755 |
| Operating Profit | 38 | 14 | 36 | 20 | 61 | 31 | 55 | 33 | 111 | 58 | 87 | 85 | 174 |
| OPM % | 16% | 7% | 14% | 9% | 16% | 11% | 13% | 9% | 19% | 12% | 14% | 12% | 19% |
| Other Income + | 2 | 2 | 1 | 2 | 3 | 1 | 1 | 3 | 1 | 2 | 1 | 1 | 32 |
| Interest | 10 | 9 | 10 | 12 | 12 | 13 | 14 | 15 | 18 | 21 | 23 | 28 | 22 |
| Depreciation | 18 | 17 | 18 | 18 | 21 | 19 | 21 | 23 | 26 | 28 | 32 | 38 | 46 |
| Profit before tax | 12 | -10 | 8 | -8 | 31 | 0 | 22 | -2 | 69 | 10 | 33 | 21 | 138 |
| Tax % | 26% | -25% | 26% | -33% | 25% | -7,100% | 25% | -20% | 25% | 38% | 26% | 18% | 26% |
| Net Profit + | 9 | -8 | 6 | -6 | 24 | 4 | 16 | -2 | 51 | 6 | 25 | 17 | 102 |
| EPS in Rs | 0.27 | -0.22 | 0.18 | -0.16 | 0.68 | 0.10 | 0.47 | -0.06 | 1.48 | 0.19 | 0.71 | 0.50 | 2.80 |
Financials of V2 Retail Ltd
Annual income statement trend
| Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,323 | 1,105 | 42 | 109 | 229 | 287 | 701 | 538 | 629 | 839 | 1,165 | 1,884 | 2,769 |
| Expenses + | 1,326 | 1,565 | 52 | 108 | 223 | 258 | 624 | 488 | 562 | 753 | 1,016 | 1,624 | 2,364 |
| Operating Profit | -3 | -460 | -9 | 1 | 5 | 28 | 77 | 50 | 67 | 85 | 149 | 260 | 404 |
| OPM % | -0% | -42% | -21% | 1% | 2% | 10% | 11% | 9% | 11% | 10% | 13% | 14% | 15% |
| Other Income + | 9 | -41 | 1 | 1 | 2 | 2 | 15 | 23 | 16 | 7 | 7 | 6 | 36 |
| Interest | 98 | 91 | 8 | 7 | 9 | 10 | 33 | 33 | 39 | 42 | 49 | 70 | 94 |
| Depreciation | 49 | 47 | 3 | 2 | 3 | 2 | 51 | 56 | 59 | 67 | 77 | 99 | 143 |
| Profit before tax | -140 | -639 | -19 | -7 | -5 | 18 | 9 | -15 | -15 | -17 | 31 | 98 | 203 |
| Tax % | -33% | -35% | 81% | -26% | -18% | 47% | -1% | -16% | -21% | -24% | 11% | 27% | |
| Net Profit + | -94 | -415 | -35 | -5 | -4 | 10 | 9 | -13 | -12 | -13 | 28 | 72 | 150 |
| EPS in Rs | -4.22 | -18.54 | -1.55 | -0.24 | -0.19 | 0.41 | 0.26 | -0.38 | -0.34 | -0.37 | 0.80 | 2.08 | 4.20 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of V2 Retail Ltd
Capital structure and asset base
| Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 24 | 34 | 34 | 34 | 34 | 35 | 35 | 35 |
| Reserves | 155 | -255 | 252 | 247 | 240 | 251 | 245 | 235 | 224 | 213 | 240 | 312 | 352 |
| Borrowings + | 751 | 766 | 57 | 71 | 84 | 69 | 326 | 396 | 398 | 424 | 525 | 850 | 1,312 |
| Other Liabilities + | 152 | 245 | 11 | 28 | 39 | 61 | 115 | 148 | 136 | 123 | 227 | 403 | 688 |
| Total Liabilities | 1,080 | 778 | 343 | 368 | 385 | 405 | 721 | 813 | 792 | 793 | 1,027 | 1,599 | 2,387 |
| Fixed Assets + | 271 | 222 | 7 | 9 | 14 | 18 | 339 | 395 | 394 | 408 | 480 | 863 | 1,320 |
| CWIP | 6 | 0 | 0 | 1 | 0 | 1 | 4 | 5 | 0 | 0 | 0 | 4 | 4 |
| Investments | 0 | 0 | 33 | 32 | 31 | 30 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 803 | 557 | 303 | 326 | 340 | 355 | 378 | 414 | 398 | 385 | 547 | 732 | 1,063 |
| Total Assets | 1,080 | 778 | 343 | 368 | 385 | 405 | 721 | 813 | 792 | 793 | 1,027 | 1,599 | 2,387 |
Financials of V2 Retail Ltd
Operating, investing and financing cash movement
| Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -65 | 57 | -38 | -12 | 12 | 35 | 74 | 3 | 59 | 86 | 93 | 223 |
| Cash from Investing Activity + | -108 | 5 | -1 | -4 | -7 | -6 | 7 | -20 | -16 | -12 | -39 | -131 |
| Cash from Financing Activity + | 133 | -66 | 6 | 8 | -4 | -30 | -28 | -22 | -58 | -76 | -50 | -93 |
| Net Cash Flow | -41 | -4 | -33 | -8 | 0 | -1 | 52 | -39 | -15 | -2 | 5 | -0 |
| Free Cash Flow | -175 | 62 | -35 | -16 | 5 | 29 | 63 | -24 | 43 | 73 | 56 | 94 |
| CFO/OP | 2,236% | -12% | 424% | -1,155% | 219% | 123% | 96% | 7% | 86% | 100% | 63% | 95% |
Financials of V2 Retail Ltd
Working capital efficiency and return ratios
| Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 1 | 4 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Inventory Days | 266 | 64 | 187 | 207 | 118 | 141 | 156 | 308 | 264 | 184 | 199 | 159 |
| Days Payable | 38 | 52 | 91 | 114 | 60 | 63 | 75 | 134 | 108 | 70 | 92 | 92 |
| Cash Conversion Cycle | 230 | 13 | 100 | 93 | 58 | 79 | 81 | 174 | 156 | 114 | 107 | 66 |
| Working Capital Days | 163 | 13 | -265 | -59 | -32 | -27 | 40 | 72 | 70 | 51 | 42 | 19 |
| ROCE % | -5% | -68% | 0% | 1% | 8% | 3% | 4% | 4% | 11% | 17% |