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ABFRL Reports Q3 Loss of ₹107.60 Crore, Faces 4% Share Decline

15 Feb 2024 , 02:29 PM

Aditya Birla Fashion and Retail Limited (ABFRL) shares declined by 4% to ₹234.5 in the morning trade on February 15, following the announcement of a net loss of ₹107.60 Crore for Q3, compared to a net profit of ₹11.21 Crore in the same period last year.

The company’s revenue from operations in Q3 reached ₹4,166.71 Crore, indicating a 16% increase from ₹3,588.80 Crore in the corresponding quarter of the previous year.

At the time of writing, ABFRL’s stock was trading at ₹238.25, reflecting a 2.10% decrease from the previous close. Over the last three months, it has gained over 10% on the stock market.

The Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) for the quarter reached ₹605 Crore, showcasing a substantial growth of 29%.

Aditya Birla Fashion and Retail Limited (ABFRL) is an Indian fashion retail company headquartered in Mumbai, formed through the consolidation of the branded apparel businesses of Aditya Birla Group in May 2015, including Madura Fashion division, Pantaloons Fashion and Retail (PFRL), and Madura Fashion & Lifestyle (MFL).

ABFRL’s portfolio comprises well-established brands with over 25 years of presence, including Louis Philippe, Van Heusen, Allen Solly, and Peter England. Pantaloons, one of its subsidiaries, caters to men, women, and children with a mix of private labels and licensed brands in apparel and accessories.

ABFRL holds the rights to the India network of the California-based fashion brand Forever 21 and features international brands such as The Collective, Simon Carter, Hackett London, Ted Baker, Ralph Lauren, American Eagle, and Fred Perry in its portfolio.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • ABFRL
  • EBITDA
  • news
  • Q3
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