Net At Future Lifestyle Slides 30%
In a BSE filing, Future Lifestyle said its net profit in the three months to June 30, plunged to Rs 2.48 crore, down 30.33 per cent from Rs 3.56 crore in the first quarter of fiscal 2015.
Resultantly, earnings per diluted share also drove down to Rs 0.13 from Rs 0.23 in the three months to June 30, 2014.
Net profit at the apparel retailer turned positive in the reporting quarter due to other income of Rs 12.00 crore as against Rs 63 lakhs in the prior fiscal second quarter.
Net sales at the retailer which operates several retail formats were nearly flat at Rs 684.34 crore in the quarter under review as against Rs 683.06 crore.
Profit from operations before other income and finance costs were Rs 27.04 crore, dropping 37 per cent from Rs 42.99 crore in the previous fiscal’s first quarter.