Future Retail firms up after Q3 numbers

On a consolidated basis, Future Retail's net profit dropped 16.4% to Rs 165.18 crore in Q3 December 2019 (Q3 FY20) as against Rs 197.48 crore reported in Q3 December 2018 (Q3 FY19).

Net sales fell 3.3% year-on-year (YoY) to Rs 5,193.19 crore in Q3 FY20. Profit before tax fell 16.7% to Rs 164.62 crore YoY. The Q3 earnings were announced after market hours yesterday, 13 February 2020.

On a standalone basis, net profit declined 15.24% to Rs 170.73 crore on 3.23% decline in net sales to Rs 5129.73 crore in Q3 FY20 over Q3 FY19. EBITDA climbed 151.2% to Rs 711 crore during Q3 FY20 as against Q3 FY19. The EBITDA margin stood at 13.9% in Q3 FY20.

 

Future Retail is engaged in the business of retailing a range of household and consumer products through departmental store facilities under various formats. The company is primarily engaged in the business of multi-brand retail trade.

Shares of Future Retail were up 0.50% to Rs 379 on BSE. It hovered in the range of Rs 372.85 to Rs 380 so far.

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