Q3FY18 Result: Aditya Birla Fashion bottomline turns positive
Aditya Birla Fashion and Retail reported its results for the quarter ended December 31, 2017 on Friday.
The company's standalone revenue for the quarter came in at Rs. 1,855 crore, registering 8.7 per cent yoy increase. Its Pantaloons and Madura Fashion & Lifestyle have reported growth of 12.5 and 7.9 per cent, respectively.
EBITDA for the quarter rose by 56.8 per cent yoy to Rs. 138 crore with a corresponding margin expansion of 228 bps. EBITDA margin for the quarter stood at 7.4 per cent. This was supported by favourable movements in inventories. The PAT for the quarter came in at Rs. 35 crore as compared to net loss of Rs. 12 crore in corresponding quarter last year.
On Friday, the stock opened at Rs. 161 per share and touched an intra-day high and low of Rs. 166.60 and Rs. 155, respectively, on the BSE.