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Future Enterprises Q1 net loss at Rs 45.46 crore

Press Trust of India  |  New Delhi 

Homegrown retail major Future Enterprises today reported standalone net loss of Rs 45.46 crore for the first quarter ended June 30 on account of lower and higher expenses.

The company, earlier known as Future Retail, had posted a net profit of Rs 315.48 crore in the April-June quarter of the previous fiscal.

Future Enterprises (FEL) total stood at Rs 1,045.66 crore in the quarter under review as compared to Rs 1,272.71 crore in the year-ago period, the company said in a filing.

Its expenses in the first quarter of this fiscal were at Rs 1,091.12 crore as against Rs 957.23 crore reported a year ago.

of FEL were trading 1.06 per cent higher at Rs 38.25 on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 07 2017. 15:42 IST