Home Food Future Retail posts standalone net profit of Rs 101.05 crore for Q3

Future Retail posts standalone net profit of Rs 101.05 crore for Q3

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Homegrown retail major has posted standalone net profit of Rs 101.05 crore for the third quarter ended December 31.

Future Retail posts standalone net profit of Rs 101.05 crore for Q3
In May 2015, Future group had agreed to merge its retail business with rival Bharti Retail in an all-stock deal

According to a PTI report: The company had posted a net profit of Rs 53.83 crore in the October-December period of the previous fiscal.

Its total income from operations stood at Rs 4,420.12 crore in the quarter under review as against Rs 2,496.07 crore in the year-ago period, the company said in a BSE filing.

However, company has been quoted by PTI as saying that “the numbers are not comparable due to scheme of arrangement between Future Retail and ”.

In May 2015, Future group had agreed to merge its retail business with rival Bharti Retail in an all-stock deal.

The name of the company has been changed from Bharti Retail Ltd to Future Retail from May 25, 2016.