Future Lifestyle Fashion Ltd (FLFL) part of Future Group, today reported a 18.94 per cent fall in net profit at Rs 15.94 crore for the third quarter ended December, due to higher expenses.

Its total income from operations during October-December period was up 21.24 per cent to Rs 1,064.01 crore as against Rs 877.55 crore in the corresponding period of last fiscal, Future Lifestyle said in a BSE filing. The company had posted a net profit of Rs 19.66 crore in the corresponding quarter of last fiscal.

Overall expenses during the quarter, FLFL’s increased by 23.92 per cent to Rs 1,011.86 crore as compared to Rs 816.54 crore in the same quarter of last fiscal.

Shares of the company closed 1.18 per cent down at Rs 193 on BSE.

Apparel and Textile News, Apparel Talk, Indian Apparel