Aditya Birla Fashion zooms 20% post Q1 results

The stock up 20% to Rs 169 on the BSE in intra-day trade after the company reported net profit of Rs 60 million in June quarter against net loss of Rs 200 million in year ago quarter.

Aditya Birla Fashion and Retail (ABFRL) has zoomed 20% to Rs 169 on the BSE in intra-day trade after the company reported net profit of Rs 60 million in June quarter (Q1FY19) on back of strong operational performance. The Aditya Birla Group Company had a net loss of Rs 200 million in the same quarter year ago.

The Company reported a remarkable 50% increase in EBITDA (earnings before interest, tax, depreciation and amortization) at Rs 1.22 billion along with revenue growth of 8% at Rs 19.14 billion for the quarter over the previous year. EBITDA margin improved to 6.4%