Aditya Birla Fashion Reports Rs 10cr Loss in Q2

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Aditya Birla Fashion Reports Rs 10cr Loss in Q2


November 11, 2017



Aditya Birla Fashion and Retail (ABFRL), formerly known as Pantaloons Fashion, reported a standalone net loss of Rs 10 crore for the September quarter.It had reported net profit of Rs 65 crore in the July-September quarter of the last financial year.ABFRL’s total income stood at Rs 1,811 crore during the quarter under review, down marginally, as against Rs 1,893 crore reported in the year-ago period.The company said the second quarter has been impacted by GST roll-out, transition issues and a steep fall in consumer sentiment in July, immediately post GST.