Future Retail Dec quarter profit at Rs 21.74 crore

Press Trust of India Posted online: Thursday, Feb 13, 2014 at 0000 hrs
New Delhi : Future Retail Ltd today reported a net profit of Rs 21.74 crore for the fourth quarter ended December 31, 2013. The company had posted net loss of Rs 20.41 crore in the same quarter last year.

Net sales of Future Retail during the December 2013 quarter was Rs 2,276.30 crore. It was Rs 1,252.85 crore in the same period last fiscal.

The financial numbers are not comparable with December 2012 quarter due to amalgamation of Future Value Retail Ltd with the Future Retail, the company said in a statement.

For the fiscal year ended December 2013, Future Retail net profit stood at Rs 1.18 crore. It was Rs 255.15 crore in 2012 fiscal.

Net sales during FY13 stood at Rs 9,040.70 crore. It was Rs 4,668.52 crore in the previous fiscal, the company said. Shares of Future Retail today closed at Rs 81.15 per scrip at BSE, up 3.31 per cent from their previous close.