 "ABFRL net profit jumps over three-fold to Rs 196.80 cr in December quarter")
Aditya Birla Fashion and Retail Ltd on Friday reported over a three-fold jump in its net profit to Rs 196.80 crore for the third quarter ended December 31.
The company had posted a net profit of Rs 58.44 in the year-ago quarter, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing.
Its revenue from operations rose 43.87 per cent to Rs 2,987.10 crore during the quarter under review, against Rs 2,076.19 crore in the corresponding period of the previous fiscal.
ABFRL's total expenses increased 36.52 per cent to Rs 2,744.35 crore in the quarter, from Rs 2,010.17 crore a year ago.
Its revenue from Madura Fashion & Lifestyle segment surged 57.59 per cent to Rs 1,990.52 crore, compared to Rs 1,263.10 crore in the year-ago quarter.
Pantaloons' revenue increased 31.45 per cent to Rs 1,066.43 crore, against Rs 811.27 crore.
Shares of Aditya Birla Fashion and Retail Ltd on Friday closed 2.91 per cent lower at Rs 295.30 apiece on the BSE.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app