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Future Lifestyle Fashions hits record high after strong Q4 earnings

Capital Market 

Future Lifestyle Fashions jumped 8.88% to Rs 312 at 10:11 on after net profit spurted 262.6% to Rs 18.93 crore on 16.2% increase in net sales to Rs 968.99 crore in Q4 March 2017 over Q4 March 2016.

The result was announced after market hours yesterday, 15 May 2017.

Meanwhile, the S&P Sensex was up 123.51 points, or 0.41% at 30,445.63. The S&P Mid-cap index was up 1.89 points, 0.01% at 15,042.36.

On the BSE, 1.39 lakh shares were traded on the counter so far as against the average daily volumes of 1.26 lakh shares in the past one quarter. The stock had hit a high of Rs 321.25 so far during the day, which is also its record high. The stock hit a low of Rs 291 so far during the day.

The stock had hit a 52-week low of Rs 103 on 16 May 2016. The stock had underperformed the market over the past one month till 15 May 2017, advancing 2.47% compared with the Sensex's 2.92% rise. The scrip had, however, outperformed the market over the past one quarter advancing 53.89% as against the Sensex's 7.69% rise.

The mid-cap company has equity capital of Rs 38.03 crore. Face value per share is Rs 2.

Future Lifestyle Fashions' earnings before interest, tax, depreciation and amortization (EBITDA) increased by 10.23% to Rs 97 crore in Q4 March 2017 over Q4 March 2016.

EBITDA margin decreased to 9.8% in Q4 March 2017, from 10.3% in Q4 March 2016.

Future Lifestyle Fashions is engaged in the business of fashion. The company offers textiles, wearing apparel, shoes, jewelry, furniture and other fashion goods/accessories.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 16 2017. 10:14 IST