Home Latest News Future Enterprises Q1 profit at Rs 315.48 crore

Future Enterprises Q1 profit at Rs 315.48 crore

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Homegrown retail major Future Enterprises Ltd has recently reported a standalone net profit of Rs.315.48 crore for the first quarter ended June 2016.

Future Enterprises Q1 profit at Rs315.48 crore
Figures are not comparable with the previous year/quarter” due to demerger of the retail business into Bharti Retail

According to a PTI report: The company, erstwhile known as Ltd., had posted a net profit of Rs.44.10 crore in the April-June quarter of the previous fiscal.

Future Enterprises’s net sales stood at Rs.921.19 crore in the quarter under review as compared to Rs.2,846.84 crore in the year-ago period, the company said in a BSE filing.

Future Enterprises informed that “figures are not comparable with the previous year/quarter” due to demerger of the retail business into Bharti Retail and demerger of the retail infrastructure of FRL into the company.