VISHAL MEGA MART LIMITED

(Formerly known as Vishal Mega Mart Private Limited)

Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184
Udyog Vihar, Phase – 1, Gurugram, Haryana-122016, India.
Phone: +91-124-4980000 Fax: +91-124-4980001
Email: [email protected], Website: www.aboutvishal.com
CIN: L51909HR2018PLC073282

Date: January 31, 2025

To To
National Stock Exchange of India Ltd., BSE Limited
Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street, Mumbai – 400001
Bandra (E), Mumbai – 400 051 Scrip Code: 544307
NSE Scrip Symbol: VMM

Dear Sir/ Madam,

Subject: Outcome of Board Meeting held on January 31, 2025 in terms of Regulation 30
and 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015

Pursuant to Regulation 30, 33 and other applicable provisions of the Securities and Exchange
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing
Regulations"), this is to inform you that the Board of Directors of Vishal Mega Mart Limited (“the
Board” and “the Company”, respectively) at its meeting held today, i.e., January 31, 2025, inter
alia, has considered and approved the Un-audited Financial Results (Standalone and
Consolidated) of the Company for the quarter and nine months ended December 31, 2024
(“Financial Results”).

A copy of the Financial Results along with the Limited Review Report issued by Walker Chandiok
& Co LLP, Chartered Accountants, the Statutory Auditors of the Company, with unmodified
opinion, are enclosed herewith.

The meeting commenced at 6:00 P.M. (IST) and concluded at 6:46 P.M. (IST).

The above information will also be hosted on the website of the Company, i.e.,
https://aboutvishal.com/.

You are kindly requested to take the same on record.

Thanking you.

For Vishal Mega Mart Limited

RAHUL Digitally signed by
RAHUL LUTHRA

LUTHRA 18:51:25 +05'30'

Date: 2025.01.31

_______________________
Rahul Luthra
Company Secretary & Compliance Officer
Membership No: F9588
 Vishal Mega Mart Limited (formerly known as Vishal Mega Mart Privute Limited)
Corporate & Regd. Oflice: Sth Floor, Platinum Tower, Plot No. lE4, Udyog Vihar, Phase.l, Gurugram, Haryana-122016
Phone: +91-12G4980000 Fax: +91-124-49t0001 vrSHAL ili?f
Email: [email protected], Website: www.abottvishal.com, CIN: L5l909HR20[EPLC0732t2

Unaudited Consolidated Financial Results for the and nine 3l tn unless otherwise
For the year
For the quarter ended For the nine months ended
ended
Particulars 31 December 30 September 31 December 31 December 3l December 31 March
2024 2024 2023 2024 2023 2024
(Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Income
Revenue from operations 3 1,359.38 24,362.21 26,235.53 8 t,684.51 68,430. l4 89,119.46
Other income 190.25 t32.13 101.99 399.28 261 74 331 .81
Total income 31,549.63 24,494.34 26e37.s2 82,083.79 68,691.88 89,45t.21

II Erpenses
Purchases of stock-in-trade 19,o77.87 21,733.72 l6,l 16.48 59,035.19 47,636.40 64,208.47
Changes in inventories of stock-in-trade 3,1 58.65 (4,243.s6) 2,631.14 (676.43) 1,605.12 252.06
Employee benefits expense 1,708.96 1,525.22 1,355.38 4,712.62 3,790.19 5,046.95
Depreciation and amortisation expenses .1,406.63 1,405.46 1,319.91 4,195.37 3,81 1 .38 5,172.93
Finance costs 314.78 342.45 329.28 998 94 t,072.16 1,435.3 8
Other expenses 2.363.64 2.322.32 1,863.04 6.862.53 5.417.84 7,125.97
Total expenses 28,030.53 23,085.61 23,615,23 75,148.22 63J33.09 8s241.76

III Profit before tax (I-II) 3,519.10 1,408.73 2,722.29 6,935.57 5,35E.79 6i209.51

IV Tax erpense:
Current tax 752.20 462.s5 612.15 1,735.26 t,244.39 1,606.08
Defened tax 139.72 (93.70\ 56.53 31.76 107.22 /L5.92\
Total tax expense 891.92 368.85 668.68 1,167.02 1,351.61 1,590.16
V Profit for the period/year (III-IY) 2,627.18 1.039.88 2.053.6r 5.r68.55 4,007.1E 4,619.35

VI Other comprehensive (loss)/income

Items thatwill not be reclassified to profit or loss
- Remeasurement ofdefined benefit obligations (13.M\ (0.46) 3.30 (35.33) (r s.87) (l9.ss)
Income-tax relating to items that will not be reclassified to profit or
loss 3.36 0. 13 (0.7e) 8.91 4.01 4.91

Other comprehensive (loss/income for the period/year, net oftax (10.08) (0.33) 2.51 (26.42) (11.86) (14.64)

YII Total comprehensive income for the period/year, net of tax (V+VI)
2,611.10 1,039.55 2,056.12 5,142.13 3,995.32 4,604.71

Profit for the period attributable to:

Owners of the Holding Company 2,627.18 1,039.88 2,053.61 5,168.55 4,007 l8 4,619.35

Other comprehensive (loss)/income attributable to:

Owners of the Holding Company (10 08) (0.33) 251 (26.42) (l 1.86) o4.e)
Total comprehensive income attributable to:
Owners of the Holding Company 2,6t7.10 1,039.55 2,056.12 5,142.13 3,995.32 4,604.71

VIII Paid-up equity share capital (face value of Rs. 10 each) 45,087.19 45,087.19 45,0E7.19 45,087.19 45,087.19 45,087.19

IX Other equity 11,131.23

X Earnings per equity share (face value of Rs. l0 each) r

- Basic (Rs.) 0.58 0.23 0.46 l l5 0.89 t.02
- Diluted (Rs.) 0.57 0.23 0.45 112 0.87 101
* Fnming per share not anuualised execpt the year ended 3 I March 2024
for

and Disclosure Requirements) Resulations. 2015 as amended.

read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201 5 (as amended).

shares of the Holding Company has been listed on National Stock exchange of India Limited (NSE) and BSE Limited (BSE) on 18 December 2024.T\e issue comprised ofer for sale of
million.
1,02,56,41,025 equity shares by Promoter selling shareholders aggregating upto Rs. 80,000

4 Basedonthe"managementapproach"asdefinedinlndAS 108-OperatingSegments,theChief OperatingDecisionMaker('CODM')doestheevaluationof theHoldingCompany's

performance at an overall level as one segment.

For and on behalf of the Board of Directors

Hm'
Place: Gurugram
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Date:31 Januuy,2025
WalkerChandiok&Co LLF

Walker Chandiok & Go LLP

21st Floor, DLF Square
Jacaranda Marg, DLF Phase ll,
Gurugram -'122 002
Haryana, lndia
T +91 124 462 8099
F +91 124 462 8001

lndependent Auditorrs Review Report on Consolidated Unaudited Quarterly Financial

Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Vishal Mega Mart Limited (formerly known as Vishal Mega Mart
Private Limited)

1. We have reviewed the accompanying statement of unaudited consolidated financial results ('the
Statement') of Vishal Mega tvlart Limited (formerly known as Vishal lt/ega Mart Private Limited)
('the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together
referred to as 'the Group'), (refer Annexure 1 for the list of subsidiaries included in the
Statement) for the quarter ended 31 December 2024 and the consolidated year to date results
for the period 1 April 2024 to 31 December 2024, being submitted by the Holding Company
pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 201 5 (as amended) ('Listing Regulations').

2. This Statement, which is the responsibility of the Holding Company's management and
approved by the Holding Company's Board of Directors, has been prepared in accordance with
the recognition and measurement principles laid down in lndian Accounting Standard 34,
lnterim Financial Reporting ('lnd AS 34'), prescribed under section 133 of the Companies Act,
2013 ('the Act'), and other accounting principles generally accepted in lndia and is in
compliance with the presentation and disclosure requirements of Regulation 33 of the Listing
Regulations. Our responsibility is to express a conclusion on the Statement based on our
review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, Review of Interim Financial lnformation Performed by the
lndependent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia. A
review of interim financia! information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
the Standards on Auditing specified under section 143(10) of the Act, and consequently, does
not enable us to obtain assurance that we would become aware of all significant matters that
might be identified in an audit. Accordingly, we do not express an audit opinion
c,I\A N 0t
€
We also performed procedures in accordance with the SEBI Circular CIR/CFD/CMD1
dated 29 lt/arch 2019 issued by the SEBI under Regulation 33 (8) of the Listing Regul r.
the extent applicable.
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Walker Chandiok & Co LLP
lndependent Auditor's Review Report on Consolidated Unaudited Quarterly Financial
Results and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

4. Based on our review conducted and procedures performed as stated in paragraph 3 above,
nothing has come to our attention that causes us to believe that the accompanying Statement,
prepared in accordance with the recognition and measurement principles laid down in lnd AS
34, prescribed under section 133 of the Act, and other accounting principles generally accepted
in lndia, has not disclosed the information required to be disclosed in accordance with the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (as amended), including the manner in which it is to be disclosed, or that it
contains any material misstatement.

5. The Statement includes the interim financial results of 2 subsidiaries, which have not been
reviewed by their auditors, whose interim financial results reflects total revenues of Nil, net loss
after tax of Nil and{ 1.62 crores, total comprehensive loss of Nil and < 1.62 crores for the
quarter and year-to-date period ended 31 December respectively, and have been furnished to
us by the Holding Company's management. Our conclusion on the Statement, in so far as it
relates to the amounts and disclosures included in respect of these subsidiaries, are based
solely on such unreviewed interim financial results. According to the information and
explanations given to us by the management, these interim financial results are not material to
the Group.

Our conclusion is not modified in respect of this matter with respect to our reliance on the
financial results certified by the Board of Directors.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm Registration N9a001 076N/N50001 3

Na^-.r A)
i r-?---- D
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Neeraj Goel
Partner
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Membership No. 099514 o t
UDIN : 2509951 48IUJKBJ9l 95

Place: Gurugram
Date:31 January 2025

Clr artered Accounta nts

Walker Chandiok & Co LLP
lndependent Auditor's Review Report on Gonsolidated Unaudited Quarterly Financial
Results and year to Date Resutts of the Company pursuant to the Regulation 33 of the SEBI
(Listing Obligations and Disctosure Requirements) Regulations, 2015 (as amended) (Cont'd)

Annexure 1

List of entities included in the Statement

Holding Company
Vishal Mega trlart Limited (formerly known as Vishal Mega Mart Private Limited)

Subsidiary companies

1. Airplaza Retail Holdings Private Limited;

2. Vishal Ecommerce Private Limited;
3. Vishal Mega Mart CSR Trust

(This space has been intentionally left blank)

Cl'ra rterecl Acccuttta nts

 Vishal Mega Mart Limited (formerly known as Vishal Mega Mart Private Ltmited)
Corporate & Regd. Office: 5th Floor, Platinum Tower, Plot No. 184, Udyog Vihar, Phase'I, Gurugram, Haraana-122016
Phone: +91-12+4980000 Fax: +91-12+4980001
YrSHAt ili??
Email: [email protected], \ilebsite: www.aboutvishal.com, CIN: L51909HR2018PLC073282

and nine months ended 3l December 2024 tn unless otherwise

Unaudited Standalone Financial Results for the
For the year
For the quarter ended For the nine months ended
ended
Particulars 31 December 30 September 3l December 31 December 31 December 31 March
2024 2024 2023 2024 2023 2024
(Unaudited) (Audited) (Unaudited) (Unaudited) (Unaudited) (Audited)
I Income
t3,920.09 14,180.03 18,136.94 44,779.50 47,338.17 62,387.92
Revenue from operations
166.66 103.55 80. l7 323.46 167.56 215.76
Other income
Total income 14,086.75 14,283.58 t8,2t7.tl 45,102.96 47,505.73 62,603.68

II Expenses
10,355.71 12,097.93 13,447.30 34,s45.58 39,390.22 53,40s.91
Purchases of stock-in{rade
670.67 (3e8.81) 1,524.60 1,989.8s 481.37 (722.13)
Changes in inventories of stock-in-trade
492.82 442.26 3n.26 r,386.79 81 5.1 5 t,105.42
Employee benefits expense
407 55 395.90 373.24 t,190.32 1,035.44 1,417 .57
Depreciation and amortisation expenses
30.08 29.91 36.96 89.91 126.97 157 47
Finance costs
Other expenses 389.89 317.81 78s.65 1.019.20 2,2s1.72 2.988.21

Total expenses . 12,346.72 12,885.00 16,479,01 40,221.65 44J40.87 s8rs2.4s

(I-[) 3,404.86 4,251.23

III Profit before tax t,740.03 1,398.58 1,738.10 4,881.31

Max expense:
477.10 383.45 475.15 1,342.03 994.24 1,29s.98
Cunent tax
(32.14) (36.30) (43.28) (113.71) (136.6s) (223.44)
Defened tax
444.96 347.15 43t.87 1,228.32 857.s9 I,072.54
Total tax expense
2,547.27 3,178.69
V Profit for the period/year (III-IV) 1,295.07 1,051.43 1106.23 3,652.99

VI Othercomprehensive(loss)/income
Items thatwill not be reclassified to profit or loss
- Remeasurement of defined benefit obligations ( l.8s) 1.47 3.12 (s.20) (0.04) (0.05)

Income-tax relating to items that will not be reclassified to profit l.3l 0.01 0.01

or loss 0.46 (0.37) (0.78)

Other comprehensive (loss)/income for the period/year, net of (1.3e) 1.10 2.34 (3.8e) (0.03) (0.04)
tax
VII Total comprehensive income for the period/year, net of tax
1,293.68 1,052.53 1,308.57 3,649.10 2,547.24 3,178.65
(v+vI)

vIII Paid-up equity share capital (face value of Rs. 10 each) 45,087.19 45,087.19 45,087.19 45,087.19 45,087.19 45,087.19

x Other equitv 10,660.37

x Earnings per eguity share (face value ofRs. l0 each) *

- Basic (Rs.) 0.29 0.23 0.29 0.81 0.s7 0.71
- Diluted (Rs.) 0.28 0.23 0.28 0.79 0.56 0.69

* Eaming per share not onuualised execpt for the year ended 3l March 2021

Disclosure Requireme.ts) Regulalions, 2015 as arnended.

2 These unaudited standalone financials results have b€en prepared in aacordance with Indian Accounting Standard (Ind AS) as prescribed under Section 133 ofthe ComPnies Ac!
2013 read with relcvant rules thercunder and in t€rins ofRegularion 33 oflhe SEBI (Listing Obligarions and Disclosure Requirements) R€gulations, 2015 (as amended}

3 The Company has compleled iis Initial Public Offer (lPO) of 1,02,56,41,025 equity slEr€s of face value of Rs lO each al an issue pric€ of Rs. 78 per share and as a result the equity
shares of the Company has b€en listed on National Stock exchang€ of Indir Limited (NSE) and BSE Limited (BSE) on I 8 Deccmber 2024. The issue comprised offer for sale of
1,02,56,41 ,025 cquity shares by Promoter selling shareholdem aggregating upto Rs. 80,000 million.

4 Bas€d on the "management approach" as defined in Ind AS lO8 - Operaring Segnen6, the Chief Operating D€cision Maker ('CODM') does the evaluation of the Company's
p€rformance al an ovemll level as one segment.

For and on behalf of the Board of Directors

AN D
GC €
& CEO i'
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o.'.01927304 T
t
Place: Gurugram tl \
Date: 3l January,2025
WalkerChandiok&Co LLP

Walker Chandiok & Co LLP

21st Floor, DLF Square
Jacaranda Marg, DLF Phase ll,
Gurugram - 122 0Oz
Haryana, lndia

T +91 124 462 8099

F +91 124 462 8001

lndependent Auditor's Review Report on Standalone Unaudited Quarterly Financial Results

and Year to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended)

To the Board of Directors of Vishal Mega Mart Limited (formerly known as Vishal Mega Mart
Private Limited)

We have reviewed the accompanying statement of standalone unaudited financial results ('the
Statement') of Vishal fvlega tvlart Limited (formerly known as Vishal [t/ega lvlart Private Limited)
('the Company') for the quarter ended 31 December 2024 and the year to date results for the
period 1 April 2024 to 31 December 2024, being submitted by the Company pursuant to the
requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (as amended) ('Listing Regulations').

2. The Statement, which is the responsibility of the Company's management and approved by the
Company's Board of Directors, has been prepared in accordance with the recognition and
measurement principles laid down in lndian Accounting Standard 34, lnterim Financial
Reporting ('lnd AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'),
and other accounting principles generally accepted in lndia and is in compliance with the
presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our
responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410, Review of lnterim Financial lnformation Performed by the
Independent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia. A
review of interim financial information consists of making inquiries, primarily of persons
responsible for financial and accounting matters, and applying analytical and other review
procedures. A review is substantially less in scope than an audit conducted in accordance with
the Standards on Auditing specified under section 143(10) of the Act, and consequently, does
not enable us to obtain assurance that we would become aware of all significa nt matters that
might be identified in an audit. Accordingly, we do not express an audit opinion. 6N0/
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Walker Chandiok & Co LLP
tndependent Auditor's Review Report on Standatone Unaudited Quarterly Financial Results
and Vear to Date Results of the Company pursuant to the Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (as amended) (Cont'd)

4 Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying Statement, prepared in accordance with the recognition and
measurement principles laid down in lnd AS 34, prescribed under section 133 of the Act, and
other accounting principles generally accepted in India, has not disclosed the information
required to be disclosed in accordance with the requirements of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended), including
the manner in which it is to be disclosed, or that it contains any material misstatement.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm Registration No: 001 076N/N50001 3

N,
?
Neerai Goel
Partner
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DI
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J-
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lVlembership No. 09951 4
UDIN: 2509951 48MJKBL61 51
ACC

Place: Gurugram
Date:31 January 2025

Chartered Accountants