Future Retail records Q2 net profit of Rs 74 crore; shares gain

Future Retail (formely known as Bharti Retail Limited) on Tuesday reported net profit of Rs 73.63 crore for the second quarter September 30,2016, compared to the net loss of Rs 56.69 crore in the corresponding period of the previous year. 

On quarter-on-quarter (QOQ) basis, the net profit witnessed growth of 4.36% from Rs 70.55 crore of the preceding quarter. 

Going ahead, total income from operations were at Rs 4191.45 crore, registering over eleven-folds rise against Rs 360.41 crore a year ago same period. While it was up by 5.32% from Rs 3979.68 crore of June 2016 (Q1FY17). 

At 2.42 pm, the shares of Future Retail was trading at Rs 123.70 per share on BSE, up by 2.36%. However, minutes before the Q2 result announcement, the shares were above Rs 127-mark.