V-Mart Retail Limited has informed the Exchange regarding Outcome of Board Meeting held on May 02, 2025.
VMART · price
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On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.1 pts less than its Diversified Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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V-Mart Retail's board, at its May 2, 2025 meeting, approved audited financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from statutory auditor S.R. Batliboi & Co. LLP. FY25 revenue from operations grew about 16.8% YoY to Rs. 3,254 crore, while the company swung to a net profit of Rs. 43 crore in FY25 from a loss of Rs. 97 crore in FY24. The turnaround was supported by an exceptional gain of Rs. 24 crore from a reassessment of store lease terms under Ind AS 116. The board did not recommend any dividend for FY25, opting to retain profits for future growth. A 3:1 bonus issue (3 free equity shares for every 1 held) was recommended, to be funded from the Rs. 492 crore securities premium balance, pending shareholder approval. Authorized share capital will be raised from Rs. 25 crore to Rs. 95 crore. KPMG was reappointed as internal auditor for FY26 and Agarwal S. & Associates was recommended as secretarial auditor for a 5-year term.
The 3:1 bonus issue is a clear positive for retail shareholders, increasing share count fourfold and improving liquidity, though the share price will adjust proportionally. The dividend skip signals management's intent to preserve cash for expansion. The return to profitability is encouraging, but investors should note that a significant portion of FY25's profit comes from a one-time lease accounting gain rather than core retail operations, so underlying store-level performance deserves close attention.