Aditya Birla Fashion & Retail reports Q3 net loss of Rs 37.64 cr

In the corresponding period of previous fiscal, the company had posted a net profit of Rs 70.25 crore.
Aditya Birla

Aditya Birla Fashion and Retail Ltd (ABFRL) has posted a consolidated net loss of Rs 37.64 crore for the quarter ended on December 31, 2019. In the corresponding period of previous fiscal, the company had posted a net profit of Rs 70.25 crore.

ABFRL’s revenue from operations stood at Rs 2,582.74 crore for the quarter under consideration as compared to Rs 2,281.55 crore for the same period year ago.

The company's deferred income tax was at Rs 141.82 crore during the third quarter of the current financial year.

Aditya Birla Fashion and Retail manages brands such as Pantaloons, Van Heusen, and Peter England in India.

In India, the company has a network of 2,999 stores, along with 6,200 point of sales in department stores across the country. The store expansion has been a key focus area for the company over the last six months.

 
 
 
 
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