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Kishore Biyani-led Future Enterprises has reported Rs 295.15 crore consolidated loss for the April-June quarter, in comparison with Rs 293.78 crore loss throughout the identical interval final yr.
For the yr ending March 31, 2021, the corporate, which was severely impacted by the nationwide lockdown imposed in the course of the first Covid wave final yr, had recorded a web consolidated lack of Rs 1,121.79 crore.
Within the earlier quarter ending March 31, Future Enterprises’ consolidated loss stood at Rs 271.82 crore. The corporate’s income from operations for the mentioned quarter stood Rs 448.12 crore vs Rs 304.39 throughout the identical interval final yr. In This fall FY22, Future group’s income stood at Rs 545 crore.
Whole bills within the mentioned quarter stood Rs 768.37 crore vs Rs 639.27 within the year-ago interval.
“The outbreak of Covid-19 pandemic has created financial disruption all through the world, together with India. Consequently, the income and profitability for the quarter ended June, 2021, has been adversely impacted,” the corporate mentioned in an announcement.
The corporate mentioned it’s carefully monitoring the event and potential results on the monetary situation, liquidity, operations, and is actively working to minimise the impression of this unprecedented scenario.
In the meantime, Future Enterprises subsidiary Future Coupons has moved the Supreme Court docket at present, difficult the Delhi HC order on the Reliance-Future group deal. The corporate, in one other assertion to the inventory exchanges, mentioned the Future group promoters have lodged “a Particular Go away Petition in opposition to Amazon earlier than the Supreme Court docket to problem the orders handed by the Delhi Excessive Court docket in execution proceedings for implementing the interim order dated 25 October 2020 of the Emergency Arbitrator”.
“These proceedings are prone to be listed and heard by the Hon’ble Supreme Court docket,” it mentioned. The Future Enterprises inventory closed at Rs 9.05, which is Rs 0.15 or 1.69 per cent up, on the NSE at present.
Additionally learn: Singapore’s emergency arbitrator held Future Retail funding ‘authorized’: Amazon in SC
Additionally learn: RIL-Future deal: Future Coupons strikes SC; challenges Delhi HC order
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