Aditya Birla Fashion and Retail (ABFRL) posts a very healthy set of Q2FY22 numbers

05 November 2021, Mumbai:

Aditya Birla Fashion and Retail (ABFRL) clocked a consolidated net profit of Rs 5 crore in Q2 FY22 v/s a reported net loss of Rs 188 crore posted in Q2FY21.

The consolidated revenue in Q2FY22 grew over 2X to Rs 2054 crore from the corresponding period of Rs 1,028 crore. This is robust revenue recovery jumping by 90% over even pre-COVID levels.

Whilst the consolidated profit before tax (PBT) stood at Rs 8.77 crore in Q2 FY22 v/s a pre-tax loss of Rs 250.88 crore posted in Q2FY21.

The slide & dice of the corporate earning is that revenue from Lifestyle more than doubled year on year. The revenue inched up by 92% registering robust recovery compared to pre-COVID levels.

A deep dive into the financials is as follows. consolidated EBITDA ballooned to 148.5% to Rs 338 crore in Q2 FY22 from last fiscal Rs 136 crore.

Source: IndianRetailer Business-Standard

(This news article has not been edited by DFU Publications staff)

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