Aditya Birla Fashion and Retail (ABFRL), formerly known as Pantaloons Fashion, today 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, the company said in a BSE filing.
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.
“Early end of season sale (EOSS) in June due to GST roll-out led to a shift of a part of second quarter sales to first quarter,” it added.
ABFRL’s stock closed 1.08 per cent higher at Rs 149.95 apiece on BSE in the afternoon trade.