Future Retail Q4 net profit up at Rs 10.31 crore

Future Retail Ltd Monday posted standalone net profit of Rs 10.31 crore in the fourth quarter ended March 31.

New Delhi: Future Retail Ltd Monday posted standalone net profit of Rs 10.31 crore in the fourth quarter ended March 31.

It was much higher than Rs 1.62 crore it had reported in January-March quarter of the previous fiscal, 2013-14.

However, the company said the results were not comparable as it has demerged retail business undertaking into Bharti Retail Ltd.

"The previous financial period would not be comparable with the current financial period," the company said.

Future Retail's net sales were Rs 2,739.76 crore during the quarter under review. They were Rs 2,295.46 crore in the January-March period of previous fiscal.

In a separate filing, Future Retail informed that its board has recommended a dividend of Rs 0.60 on per equity share of Rs 2 each and Rs 0.64 per Class B Shares of Rs 2 each for 2014-15.

The company scrip closed at Rs 123.20, down 0.28 per cent, on the BSE.

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