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Aditya Birla Fashion and Retail Ltd (ABFRL), formerly known as Pantaloons Fashion, on Friday reported net profit of ₹42.73 crore for the September quarter this fiscal year. It reported a loss of ₹9.96 crore during July-September 2017.
ABFRL’s total income stood at ₹2,026.04 crore during the quarter. It was ₹1,811.34 crore in the year-ago period, the company said in a BSE filing.
Revenue from operations, part of total income, is not comparable with previous year period due to implementation of GST with effect from July 1, 2017.
“Sales are recorded net of GST whereas earlier the same was recorded gross of excise duty which formed part of expenses,” it added.
ABFRL’s shares were trading 2.83 per cent higher at ₹192.90 on the BSE.
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