Aditya Birla Fashion & Retail Q4 net profit at Rs 21.83 cr –

Aditya Birla Fashion and Retail (ABFRL), previously generally known as Pantaloons Fashion, at this time reported a net profit of Rs 21.83 crore on standalone foundation for the fourth quarter ended March 31, 2017.

The corporate had posted a net lack of Rs 108.97 crore within the January-March quarter of final fiscal, ABFRL mentioned in a BSE submitting.

Whole earnings of the corporate for the quarter beneath evaluate stood at Rs ,642.48 crore as towards Rs ,445.10 crore throughout the identical interval of final yr.

For all the fiscal, ABFRL reported a standalone net profit of Rs 53.50 crore as in comparison with net lack of Rs 109.75 crore within the final fiscal.

The corporate mentioned its board has authorised elevating Rs ,250 crore by way of issuance of non-convertible debentures (NCDs) in a number of tranches. The fund elevating is topic to the approval of the members at the AGM.

On the outlook, the corporate mentioned it is going to proceed to construct on its management by way of investments in key strategic themes.

It mentioned that it could deal with "model growth by way of funding in model constructing, merchandise and refreshed retailer expertise."

ABFRL personal manufacturers corresponding to Van Heusen, Pantaloons, Louis Philippe, Peter England and Endlessly 21, amongst others.

Shares of ABFRL ended three.68 per cent up at Rs 170.45 on BSE.

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Aditya Birla Fashion & Retail Q4 net profit at Rs 21.83 cr -