Sales up, Profits down

 Pantaloon Retail (India) today posted 78.57 per cent decline in consolidated net profit at Rs 21.16 crore for the fourth quarter ended 30 June. The company’s consolidated net profit in the same quarter last year stood at Rs 98.78 crore, which was boosted by other income of Rs 121.24 crore.

Net sales of the company, however, rose to Rs 3,552.45 crore for the reported quarter, as compared to Rs 3,335.61 crore during the same period of previous year.

For the full year ended 30 June 2012, the company posted a net profit of Rs 63.51 crore, as against Rs 142.47 crore during the previous year.

Net sales of the company rose to Rs 13,031.29 crore for the year ended 30 June 2012, as compared to Rs 11,954.85 crore during the previous year.

On a standalone basis, the company posted a net profit of Rs 261.53 crore for the fourth quarter ended 30 June 2012, as compared to Rs 19.07 crore during the same period of previous year.

The company’s standalone net profit for the year ended 30 June 2012, stood at Rs 285.05 crore, as compared to Rs 76.67 crore during the previous year.