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ABFRL posts net loss at Rs 214.7 Cr in Sep qtr

  • Aditya Birla Fashion and Retail Ltd (ABFRL) has reported a net loss of Rs 214.70 crore in the September 2024 quarter. This is compared to a net loss of Rs 200.34 crore in the same quarter last year.
  • The company's revenue from operations during the quarter was Rs 3,643.86 crore, compared to Rs 3,226.44 crore in the year-ago period.
  • The net loss was mainly due to higher depreciation/amortisation for brand and retail assets and higher interest costs on account of elevated borrowings.
  • ABFRL's consolidated financial results for the quarter are not comparable with previous quarters due to the amalgamation of TCNS Clothing and acquisition of Goodview Fashion Private.

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