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Future Retail Q3 Loss At Rs 846.92 Crore, Revenue Down 71% To Rs 1,506.87 Crore

Future Retail Q3 Loss At Rs 846.92 Crore, Revenue Down 71% To Rs 1,506.87 Crore
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Future Retail Ltd.: Future Retail Q3 results: Reports net loss of Rs 847 cr; revenue falls 71% to Rs 1,507 cr

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NEW DELHI: Future Retail Ltd on Tuesday reported a consolidated net loss of Rs 846.92 crore for the third quarter ended on December 2020 as business operations continued to be impacted by the pandemic during the quarter.
The company had posted a net profit of Rs 164.56 crore in the October-December quarter a year ago, Future Retail Ltd (FRL) said in a BSE filing.
Its revenue from operations was down 71 per cent to Rs 1,506.87 crore during the quarter under review as against Rs 5,193.19 crore of the corresponding quarter last fiscal.
COVID 19 pandemic has had a significant impact on the business operations and the financial results of the Company for the quarter and Nine months ended December 31, 2020,” Future Retail said in a statement. ....

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Aditya Birla Fashion Q3 results: Net profit at Rs 58 cr, revenue falls 20% to Rs 2,076 cr

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Aditya Birla Fashion Q3 results: Net profit at Rs 58 cr, revenue falls 20% to Rs 2,076 cr
The October-December quarter saw a significant acceleration of business recovery along sequential quarters as consumers started coming back to stores, the company said.
BusinessToday.In | February 8, 2021 | Updated 19:09 IST
The Aditya Birla Group company s revenue declined 20 per cent year-on-year (YoY) to Rs 2,076 crore during December quarter.
Aditya Birla Fashion and Retail Ltd on Monday posted a consolidated net profit of Rs 58 crore for October-December quarter of the ongoing financial year on business recovery and cost-control measures.
The Aditya Birla Group company had posted a net loss of Rs 38 crore in the year-ago quarter, while net loss in the preceding July-September quarter stood at Rs 188 crore. ....

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