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.