Future Retail Ltd on Thursday reported a net profit of Rs 21.74 crore for the fourth quarter that ended on December 31, 2013.
The company had posted a net loss of Rs 20.41 crore for the corresponding period last year.
Net sales during the quarter under review were at Rs 2,276.30 crore, as against Rs 1,252.85 crore a year ago.
The financial numbers were not comparable with the quarter ended December 2012 due to amalgamation of Future Value Retail Ltd with the Future Retail, the company said in a statement.
For the fiscal year ended December 2013, Future Retail's net profit stood at Rs 1.18 crore. It was Rs 255.15 crore in the previous fiscal year.
Net sales during FY13 stood at Rs 9,040.70 crore, as compared to Rs 4,668.52 crore in the previous fiscal year, it said.
Shares in Future Retail, on Thursday, ended at Rs 81.15 apiece on the BSE, up 3.31 per cent from the previous close.
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