Future Retail's net loss widens by 26% to Rs 1,063 cr in December quarter

Future Retail net loss widened by around 26 per cent in the December quarter (Q3) of financial year 2021-22 (FY22) to Rs 1,063.36 crore, compared with a loss of Rs 846.92 crore in the corresponding period a year ago.

However, the Kishore Biyani-led retail company saw its revenue from operations increase by 87 per cent to  Rs  2,816 crore in the December quarter.

The retailer’s PBIDT (profit before interest, depreciation and tax) loss widened to Rs 310 crore in the quarter compared to Rs 76 crore in the year-ago period. On January 29, the retailer defaulted on its loan repayment