Shares of Future Lifestyle Fashions today rose over 5 per cent after the company reported an over three-fold increase in March quarter’s net profit. The stock moved up by 4.89 per cent to end at Rs 300.55 on BSE. During the day, it soared 12.10 per cent to Rs 321.25 — its 52-week high.
On NSE, shares of the company jumped 5.27 per cent to close at Rs 301.60. The company’s market valuation went up by Rs 270.33 crore to Rs 5,714.33 crore. In terms of volume, 4.29 lakh shares of the company were traded on BSE and over 16 lakh shares changed hands on NSE during the day.
Future Lifestyle Fashions yesterday reported an over three-fold increase in its net profit at Rs 18.93 crore for the quarter ended March. The company had posted a net profit of Rs 5.22 crore in the same period a year ago.
Total income from operations during the quarter under review stood at Rs 987.73 crore as against Rs 850.17 crore in the year-ago period, Future Lifestyle Fashions Ltd had said in a BSE filing.