Future Lifestyle Fashions Ltd's Q3FY18 standalone net profit rises 61% qoq to Rs37.65cr

The company’s standalone revenue stood at Rs1,188.97cr, up 16.37% qoq.

Feb 02, 2018 01:02 IST India Infoline Research Team

Future Lifestyle Fashions Ltd Q3FY18

Standalone Results Q3FY18: (Rs. in crore)

Q3FY18 QoQ (%)
Revenue 1,188.97 16.4
EBITDA 104.35 18.1
EBITDA Margin (%) 8.8 13
Net Profit (adjusted) 37.65 61.0
***EBITDA margin change is bps
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Reco. Price

384

Last updated on

25-Jan-2018

Future Lifestyle Fashions Ltd's (FLFL) revenue grew by 16.4% qoq to Rs1,189cr in Q3FY18 aided by 11.8% SSG in Central. Revenue came lower than estimate of Rs1,241cr. EBITDA came in at Rs104cr against estimate of Rs117cr, up 18.1% yoy. EBITDA margin expanded by 13bps qoq to 8.78%. Adjusted PAT came at Rs38cr up 61% qoq aided by increase in the other income by 92.4% qoq to Rs11.3cr. Adjusted PAT came above estimate of Rs31cr.
  • The results are not comparable on yoy basis as ‘Lee Cooper Division’ is now part of step down subsidiary, Future Speciality Retail Limited w.e.f. March 29, 2017.  
  • In Q3FY18, SSG for Central and Brand Factory are 11.8% (up 21.7% yoy) and 6.6% (up 20.7% yoy) respectively.
  • In Q3FY18, 3 Brand Factory stores and 2 Central stores were opened, taking the total store count to 60 and 39 respectively.
  • Employee benefit expenses grew by 0.3% qoq to Rs62cr.
  • Finance cost declined by 6.2% qoq to Rs22.5cr.
  • Depreciation and amortisation expenses grew by7.7% to Rs38.7cr.

Technical View:

Future Lifestyle Fashions Ltd is currently trading at Rs. 355.25, down by 24.25 points or 6.39% from its previous closing of Rs. 379.50 on the BSE.
The scrip opened at Rs. 379.65 and has touched a high and low of Rs. 382.95 and Rs. 345.40 respectively. So far 2,80,753(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.


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