Shares of Future Retail on Friday slumped over 6 per cent after the company reported a decline in consolidated net profit for the September quarter. On the BSE, the stock fell 5.98 per cent to ₹323.55. The shares of the company tumbled 6.05 per cent to ₹323.60 on the NSE.
The Kishore Biyani-led firm on Thursday posted a 6.92 per cent decline in consolidated net profit at ₹165.08 crore for the second quarter ended September 30, 2019.
The company had reported a net profit of ₹177.37 crore in July-September quarter a year ago, Future Retail said in a regulatory filing.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.