Aditya Birla Fashion & Retail's second quarter profit increased 7 percent year-on-year to Rs 64.9 crore, supported by revenue but margin restricted the growth.
Revenue during the quarter rose 13.1 percent to Rs 1,886.7 crore, largely supported by Pantaloons business.
Pantaloons business jumped 21.7 percent year-on-year to Rs 726.71 crore with EBIT (earnings before interest and tax) at Rs 17.51 crore against EBIT loss of Rs 11.39 crore in year-ago period.
Madura Fashion & Lifestyle reported a 4.8 percent growth in revenue at Rs 1,171.3 crore but its EBIT fell 24 percent to Rs 89.52 crore on yearly basis.
EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 4.6 percent year-on-year to Rs 164.8 crore but margin contracted by 67 basis points to 8.83 percent in Q2.
Finance cost during the quarter increased 8.4 percent to Rs 47.09 crore while other income jumped 18.9 percent to Rs 7.11 crore compared with year-ago period.
At 14:29 hours IST, the stock was quoting at Rs 137.65, down 0.86 percent on the BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
