(The comparison of figures for Y-o-Y basis will not give a clear picture for the nine months period due to realignment and transfer of 'value retail business' to its wholly owned subsidiary).

Pantaloon Retail (India) Ltd. announced its unaudited financial results for the third quarter ending March 31, 2011 on 13th May, 2011. The company recorded a net profit of Rs. 20.10 crore for the quarter ending March 2011 as compared to net profit of Rs. 14.07 crore reported during the corresponding period in 2010. This is equivalent to a growth of 42.86 per cent. Considering the nine month period from July - March 2011 into account, the net profit decreased by 32.39 per cent to Rs. 57.60 crore, as against the profit of Rs. 85.19 crore reported during the corresponding period in last year. While, net operating income of the company during the quarter ending March 31, 2011 stood at Rs. 1,032.01 crore, as compared to Rs. 935.03 crore for corresponding quarter of 2010, i.e. a growth of 10.37 per cent for third quarter.

Considering the nine month period from July -March 2011, into consideration, net income was reported as Rs. 3,047.76 crore, i.e. a decline of about 38.95 per cent over the corresponding value of Rs. 4,992.32 crore for the year ago period. Moreover, the basic EPS of equity shares of the company during the nine months i.e. from July - March 2011, decreased to Rs. 2.68 as against Rs. 4.29 in the year ago period of 2010.

The total expenditure increased by 12.01 per cent to Rs. 956.29 crore in the March 2011 quarter from Rs. 853.75 crore in the corresponding quarter last year. The increase in expenses was on the back of rise in the purchase of traded goods by 43.20 per cent to Rs. 844.49 crore in the March 2011 quarter from Rs. 589.73 crore in the corresponding last quarter. Considering the nine month period from July-March 2011, into consideration, the total expenditure decreased by 38.46 per cent to Rs. 2,838.56 crore from Rs. 4,612.73 crore in the same period last year.On the consolidated front, the company recorded a net profit (after minority interest) of Rs. 4.09 crore for the third quarter ended March 31, 2011. The net operating income stood at Rs. 3,022.11 crore and total expenditure was Rs. 2,830.36 crore for the third quarter ended. Considering the nine month period from July - March 2011 into account, net profit (after minority interest) stood at Rs. 40.15 crore,net operating income stood at Rs. 8,834.72 crore and total expenditure was Rs. 8,307.15 croreThe company operates in a single business segment i.e. retail. Recently, it has entered into a Joint venture for Mega Food Park with Capital Foods Limited and Salva Developers Private Limited.