Home / Knowledge / News / Apparel/Garments / Q4FY15 operating loss down 26.1% at Pantaloon Fashion
Q4FY15 operating loss down 26.1% at Pantaloon Fashion
19
May '15
Operating loss at Aditya Birla Group Company Pantaloons Fashion & Retail Ltd climbed down by a steep 26.16 per cent year on year in the fourth fiscal quarter ended March 31, 2015.

Loss from operations before finance cost, other income and exceptional costs fell to Rs 33.87 crore as against Rs 45.88 crore from the same period of previous fiscal, down a massive 26.16 per cent.

However higher finance costs in the quarter ending March 31, 2015 meant, net loss came down slower by 9.45 per cent to Rs 63.78 crore from Rs 70.75 crore in the fourth quarter of fiscal 2013-14.

“Correspondingly loss per share too fell to Rs 6.87 from Rs 7.62 in the fourth fiscal quarter ended March 31, 2014,” Pantaloons Fashion said in a BSE filing.

Finance costs at Pantaloons Fashion soared 23.65 per cent to Rs 31.99 crore in the reporting quarter compared to Rs 25.87 crore in quarter ended March 31, 2014.

Meanwhile, in the fourth quarter ended March 31, 2015, its net sales rose in double digits to Rs 450.51 crore, up 12.45 per cent as against Rs 400.61 crore from the prior fiscal fourth quarter.

In the quarter under review, the retailer reported other operating income at Rs 9.89 crore compared to Rs 9.59 crore.

While, total income from operations grew to Rs 460.40 as against Rs 410.20 in the quarter from a year ago period.

Overall expenses in the fourth quarter of fiscal 2014-15 climbed to Rs 494.27 crore, up 8.37 per cent as against Rs 456.08 crore from the quarter ended March 31, 2104.

Overall expenses were driven by other expenses which surged 22.21 per cent year on year to Rs 71.11 crore and rent which too rose 11.51 per cent to Rs 70.90 crore.

Pantaloons Fashion recorded other income amounting to Rs 2.08 crore in the reporting quarter corresponding to Rs 1.00 crore in the fourth quarter from fiscal 2013–14.

Loss before finance cost and exceptional items too reduced massively by 29.16 per cent to Rs 31.79 crore from Rs 44.88 crore. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search