Net sales fell 3.3% year-on-year (YoY) to Rs 5,193.19 crore in Q3 FY20. Profit before tax fell 16.7% to Rs 164.62 crore YoY. The Q3 earnings were announced after market hours yesterday, 13 February 2020.
On a standalone basis, net profit declined 15.24% to Rs 170.73 crore on 3.23% decline in net sales to Rs 5129.73 crore in Q3 FY20 over Q3 FY19. EBITDA climbed 151.2% to Rs 711 crore during Q3 FY20 as against Q3 FY19. The EBITDA margin stood at 13.9% in Q3 FY20.
Future Retail is engaged in the business of retailing a range of household and consumer products through departmental store facilities under various formats. The company is primarily engaged in the business of multi-brand retail trade.
Shares of Future Retail were up 0.50% to Rs 379 on BSE. It hovered in the range of Rs 372.85 to Rs 380 so far.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.
The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
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The following illicit activities by the persons named herein have come to the notice of Stock Exchanges: