New Delhi, Feb 6 (PTI) Future Retail has posted a standalone net profit of Rs 183.14 crore for the third quarter ended December 2017. Also Read - Japanese Women's Team Pulls out of Asian Wrestling
The company had reported a net profit of Rs 101.05 crore in the October-December period of the previous fiscal. Also Read - Depressed After Break Up, Man Tries to Open Delhi-Varanasi Flight's Emergency Door Mid-Air
Its total income stood at Rs 4,696.07 crore in the quarter under review. It was Rs 4,429.35 crore in the year-ago period, the company said in a BSE filing. Also Read - Man Beaten & Forced to Chant Slogans For Alleged Theft, Attacker Arrested After Video Goes Viral
However, the company said the financial results of the current financial period are not fully comparable with previous years’ corresponding period due to merger of retail undertaking of Heritage Foods Retail with the company.
Revenue from operations for the current period are also not comparable with the corresponding earlier period due to introduction of GST from July 1 which replaced excise duty and other input taxes.
During the quarter, Future Retail also completed acquisition of Hypercity Retail (India), and demerger of HomeTown with effect from August 1, 2017.
Shares of Future Retail were trading 4.66 per cent lower at Rs 514 apiece on BSE today.
This is published unedited from the PTI feed.