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ABFRL reports Q2 net profit of Rs 43 crore

ABFRL shares were trading 2.83 per cent higher at Rs 192.90 a piece on BSE

Tags: ABFRL, Aditya Birla Fashion and Retail, GST

November 03, 2018  |  comments ( 0 )  | 
ABFRL reports Q2 net profit of Rs 43 crore

Aditya Birla Fashion and Retail Ltd (ABFRL) has reported net profit of Rs 42.73 crore for the September quarter. The total income of the company stood at Rs 2,026.04 crore during the quarter under review. It was Rs 1,811.34 crore in the year-ago period, the company said in a BSE filing.  Revenue from operations, part of total income, is not comparable with previous year period due to implementation of GST with effect from July 1, 2017. "Sales are recorded net of GST whereas earlier the same was recorded gross of excise duty which formed part of expenses," it added. ABFRL's shares were trading 2.83 per cent higher at Rs 192.90 apiece on BSE.

 


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