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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

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