Aditya Birla Fashion and Retail posts Rs 10 cr loss for Q2 – ETRetail.com

Aditya Birla Fashion and Retail posts Rs 10 cr loss for Q2

Aditya Birla Fashion and Retail (ABFRL), previously often known as Pantaloons Fashion, immediately reported a standalone internet loss of Rs 10 crore for the September quarter.

It had reported internet revenue of Rs 65 crore within the July- September quarter of final monetary yr, the corporate stated in a BSE submitting.

ABFRL's complete revenue stood at Rs ,811 crore throughout the quarter below evaluation, down marginally, as towards Rs ,893 crore reported within the yr-in the past interval.

The corporate stated the second quarter has been impacted by GST roll-out, transition points and steep fall in client sentiment in July instantly put up GST.

"Early finish of season sale (EOSS) in June resulting from GST roll-out led to shift of a part of second quarter gross sales to first quarter," it added.

ABFRL's inventory closed .08 per cent larger at Rs 149.95 apiece on BSE within the afternoon commerce.

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Aditya Birla Fashion and Retail posts Rs 10 cr loss for Q2 - ETRetail.com