Future Retail profits plunge; shares drop

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Future Retail Ltd has posted a net profit of Rs 2.47 crore for the quarter ended March 31, 2013 as compared to Rs. 5.430 crore for the quarter ended March 31, 2012. Total Income has decreased from Rs 1142.68 crore for the quarter ended March 31, 2012 to Rs. 942.81 crore for the quarter ended March 31, 2013.

The shares of the company have dropped 1.65 per cent and was last trading at Rs 155 on the Bombay Stock Exchange.

Future Retail is the flagship company of Future Group, India's retail pioneer catering to the entire Indian consumption space. The company has multiple retail formats and states that 300 million customers walk into its stores each year and choose products and services supplied by over 30,000 small, medium and large entrepreneurs and manufacturers from across India.

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Read more about: q4 2013, future retail
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