Dec 06, 2016 04:39 PM IST IST | Source: PTI

Future Retail's Q2 net profit at Rs 73 cr

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.

Future Retail Ltd (FRL) today reported a standalone net profit of Rs 73.63 crore for the second quarter ended September.

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.

Its 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 percent up at Rs 123.70 apiece on BSE.

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