This Article is From May 20, 2015

Future Lifestyle Turns Profitable in Q4, Net Profit at Rs 6 Crore

New Delhi: Future Lifestyle Fashions Ltd (FLFL) reported a net profit of Rs 6.14 crore for the fourth quarter ended March 31, 2015, helped by lower expenses.

The company had posted a net loss of Rs 186.66 crore in the same quarter last year.

Net sales of Future Lifestyle Fashions during January- March period stood at Rs 782.95 crore, up 11.72 per cent as against net sales of Rs 700.8 crore in the corresponding quarter a year ago.

Total expenses in the quarter under review stood at Rs 767.61 crore compared with Rs 953.99 crore in the same quarter in the year-ago period.

For the financial year 2014-15, the company had a net profit of Rs 18.55 crore. It was Rs 23.28 crore in the 2013-14 fiscal.

Future Lifestyle Fashions' net sales for the financial year 2014-15 were at Rs 3,063.59 crore as against net sales of Rs 2,660.81 crore in the previous fiscal year.

Shares of the company today closed at Rs 80.85 apiece, up 4.66 per cent from previous close.