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( 12 Nov 2019)
Future Consumer posts Q2 net profit of Rs 14.11 cr

The company reported standalone net profit during the quarter stood at Rs 14.11 crore compared to net loss of Rs 2.03 crore in the previous year quarter.

Net revenue of the company rose moderately by 9.08 per cent at Rs 878.00 crore in July-September quarter of this fiscal as against Rs 804.90 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 7.56 per cent to Rs 836.79 crore from Rs 778.00 crore in year ago period.

Other Income grew by 4.88 per cent at Rs 16.55 crore versus (Sep'18 Rs 15.78 crore).

Operating Profit surged by 53.25 per cent to Rs 41.21 crore as against Rs 26.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 40.42 per cent in September quarter.

Interest grew by 26.52 per cent y-o-y to Rs 19.61 crore, while Taxation increased by 0.00 per cent at Rs 11.20 crore (Sep'18 Rs 0.00 crore).