NEW DELHI: Shares of Future Retail (FRL) declined 5 per cent in Tuesday’s trade after the company reported a consolidated net loss of Rs 561.95 crore for the June quarter. The stock, however, recovered most of the ground within 15 minutes into trading.
The retailer had posted a net profit of Rs 159.24 crore in the year-ago quarter.
Following the development, the stock fell 5 per cent to a low of Rs 96.10 on BSE, before paring losses to trade 1.34 per cent lower at Rs 99.70.
The company said its revenue from operations plunged 73.86 per cent to Rs 1,358.11 for the quarter from Rs 5,197.11… #Future #Retail #tanks #crore #loss #recovers