Serial equity investor Radhakishan Damani-led Avenue Supermarts has set a fresh 52 week high after the company reported its quarterly results.

The retail chain reported a 43.4% improvement in net profit at Rs 251 crores for the quarter ending June 2018.

The same period last year the retailer posted profits of Rs 175 crores. Revenue for the quarter rose 26.7% Y0Y to Rs 4559 crores.

The company posted profit after taxes of Rs 251 crores, at a gross margin of 15.6% and an EDBIDTA margin of 9.26%. The company’s EBITDA margin improved from 8.4% in Q1FY18.

In terms of store-count, the retailer has added two stores.

The scrip at end of trading hours Tuesday was quoting a price of Rs 1652.7, up by 60.10 points or 3.77% on the Bombay Stock Exchange. Previously it had posted a high of Rs 1,622 on June 13, 2018.

At one time it posted a high of Rs 1,663.80. BSE data shows Avenue Supermarts, buoyed by a sharp share-price hike, crossing the m-cap mark of Rs 1-trillion. By end of trading hours, m-cap stood at Rs 1.03 trillion.

The stock in the past one year, has rallied by 81% as compared to a 15% rise in the S&P BSE Sensex.