Aditya Birla Fashion & Retail Slips In To Q3FY’24 Loss
Aditya Birla Fashion & Retail Ltd (ABFRL), India’s major apparel retailer slipped in to a loss at Rs 77.87 crore in the third quarter of fiscal quarter ended December 31, 2023
Incidentally, the Aditya Birla Group company had reported net profit at Rs 15.79 crore in the third quarter of fiscal 2022-23.
Total revenue in the three months ending December 31, 2023 stood at Rs 4,166.71 crore, up 16.1 percent over the same period of earlier fiscal.
Operating income in the reporting quarter grew 7.52 percent year on year to total Rs 109.21 crore.
Diluted normalised loss per share (EPS) was Rs 0.81 for the quarter under review, down by a massive 606.25 percent over the comparable period of previous fiscal.
ABFRL emerged after the consolidation of the branded apparel businesses of Aditya Birla Group, comprising Madura Fashion, Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL).
