Home Retail Kishore Biyani’s Future Retail’s Q2 net profit stands at Rs 73 cr

Kishore Biyani’s Future Retail’s Q2 net profit stands at Rs 73 cr

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(FRL) on Tuesday reported a standalone net profit of Rs 73.63 crore for the second quarter ended September.

Future Retail's Q2 net profit stands at Rs 73 crore
According to a BSE filing, the company's net sales during the period under review were at Rs 4,129.85 crore as against Rs 359.86 crore during the corresponding quarter last fiscal

The company had reported a net loss of Rs 56.69 crore during July-September quarter a year-ago, FRL said in a BSE filing.

According to  the filing, the company’s net sales during the period under review were at Rs 4,129.85 crore as against Rs 359.86 crore during the corresponding quarter last fiscal.

FRL’s total expenses during the quarter stood at Rs 4,071.46 crore.

Future Retail informed that its result is not comparable with the previous quarter due to the scheme of demerger.

For the first half of 2016-17, FRL’s net profit on standalone basis was Rs 144.18 crore. The company had a net loss of Rs 143.64 crore in the year-ago period.

Its net sales in the first half of the current fiscal were at Rs 8,021.36 crore compared to Rs 769.27 crore a year-ago.

Shares of the company ended 2.36 per cent up at Rs 123.70 apiece on BSE.