-
ALSO READ
Shoppers Stop inks pact with Telangana to set up apparel-making unit
49-day lockdown necessary to stop coronavirus resurgence in India: Study
Cross many hurdles before you start shopping again amid Covid-19 crisis
'How can we stop it?' SC on plea to stop migrant workers walking to homes
Unboxing the revenge shopper
-
Shares of retail chain Shoppers Stop on Tuesday fell over 5 per cent after the company reported a consolidated loss of Rs 127.22 crore for the fourth quarter ended on March 31, 2020.
The stock tanked 5.41 per cent to close at Rs 177.55 on the BSE. During the day, it declined 8.36 per cent to Rs 172.
ALSO READ: Covid-19 to accelerate India Inc's migration to safe, large banks
On the NSE, it dipped 3.87 per cent to settle at Rs 177.60.
Shoppers Stop on Monday reported a consolidated loss of Rs 127.22 crore for the fourth quarter ended on March 31, 2020, with coronavirus pandemic taking a toll on its operations.
The company had posted a net profit of Rs 6.47 crore in the January-March period of 2018-19.
ALSO READ: HCQ's emergency-use revocation by US unlikely to impact exports
Revenue from operations declined to Rs 724.38 crore during the period under review from Rs 812.65 crore in the same period of 2018-19, Shoppers Stop said in a regulatory filing.
RECOMMENDED FOR YOU