Aditya Birla Fashion And Retail Q4 Results: Loss Narrows
Revenue up 9.2% at Rs 1,719.5 crore.
Aditya Birla Fashion and Retail Ltd.'s posted a net loss of Rs 161 crore in the fourth quarter of the current financial year, according to an exchange filing on Friday.
Aditya Birla Fashion Q4 Highlights (Consolidated, YoY)
Revenue up 9.2% at Rs 1,719.5 crore versus Rs 1,575 crore.
Ebitda at Rs 205 crore versus Rs 35 crore.
Margin at 12% versus 2.2%.
Net loss at Rs 161 crore versus loss of Rs 287 crore.
The company's shares turned ex-date for demerger of its lifestyle brand—Aditya Birla Lifestyle Brands Ltd. The demerger ratio was set at 1:1. As per the scheme, one fully paid-up share of face value of Rs 10 of Aditya Birla Lifestyle Brands will be given for every share held in the parent firm Aditya Birla Fashion And Retail.
Aditya Birla Lifestyle Brands shares will be listed on both the NSE and the BSE and will trade as a completely standalone entity. The date of listing will be intimated by Aditya Birla Fashion and Retail later.
Shares of Aditya Birla Fashion and Retail closed 0.83% lower at Rs 89.10 apiece, compared to the 0.99% advance at the benchmark index NSE Nifty. It has fallen 13.26% in the last 12 months and 13.19% year-to-date.
Out of 23 analysts tracking the company, seven maintain a 'buy' rating, nine recommend a 'hold' and seven suggest 'sell', according to Bloomberg data. The average 12-month analysts' consensus price target implies an upside of 11.9%.
