Pantaloon Retail (INDIA) has dipped 6% to Rs 178 after reporting a consolidated net loss of Rs 7.96 crore for its second quarter ended December, on account of higher interest payments. The Future Group firm retail business had reported a net profit of Rs 12.40 crore during the corresponding quarter of previous fiscal.
Net sales grew marginally 3.68% at Rs 3,175 crore on year-on-year basis, while the company's interest outgo jumped 63% at Rs 244 crore, as against Rs 150 crore in Q2 last fiscal, the company said in a filing to the stock exchanges.
A combined 250,000 shares have changed hands on the counter in the morning deals on the NSE and BSE.
