Pantaloon Retail Q4 net down 78% at Rs 21 cr | business | Hindustan Times
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Pantaloon Retail Q4 net down 78% at Rs 21 cr

Pantaloon Retail (India) today posted 78.57% decline in consolidated net profit at Rs. 21.16 crore for the fourth quarter ended June 30.

business Updated: Aug 09, 2012 15:17 IST

Pantaloon Retail (India) on Thursday posted 78.57% decline in consolidated net profit at Rs. 21.16 crore for the fourth quarter ended June 30.

The company's consolidated net profit in the same quarter last year stood at Rs. 98.78 crore, which was boosted by other income of Rs 121.24 crore.

The company follows July-June financial year.

Net sales of the company, however, rose to Rs. 3,552.45 crore for the reported quarter, as compared to Rs. 3,335.61 crore during the same period of previous year, Pantaloon Retail (India) Ltd said in a BSE filing.

For the full year ended June 30, 2012, the company posted a net profit of Rs. 63.51 crore, as against Rs. 142.47 crore during the previous year.

Net sales of the company rose to Rs. 13,031.29 crore for the year ended June 30, 2012, as compared to Rs. 11,954.85 crore during the previous year.

On a standalone basis, the company posted a net profit of Rs. 261.53 crore for the fourth quarter ended June 30, 2012, as compared to Rs. 19.07 crore during the same period of previous year.

The company's standalone net profit for the year ended June 30, 2012, stood at Rs 285.05 crore, as compared to Rs. 76.67 crore during the previous year.

Shares of Pantaloon Retail India on Thursday closed at Rs. 159.85 on the BSE, down 1.99% from its previous close.