Future Retail reports 88% rise in Q3 net profit; shares jump

The shares of Future Retail jumped 10% after the company reported 88% rise in net profit during the quarter ended on December 31.

At 1429 hours the shares of the company were trading at Rs 208.05 per piece, up 10.08% or Rs 19.05 on BSE. 

Future Retail on Tuesday announced its financial result for the quarter ended on December 31. The company reported a net profit of Rs 101.05 crore, a jump of 87.7% during the third quarter as against Rs 53.83 crore during the same period last year. 

The total income from operations during Q3FY17 stood at Rs 4420.12 crore as compared at Rs 2496.07 crore in Q3FY16.