Aditya Birla Fashion and Retail Ltd. (ABFRL) has released its financial results for the quarter ended September 30, 2024, revealing a year-on-year increase in revenue but a wider net loss. Here are the key highlights:
- Revenue from Operations: The company reported revenue of ₹3,643.86 crore in Q2 FY25, up 12.94% compared to ₹3,226.44 crore in Q2 FY24. This growth is a positive indicator of increasing demand and the company’s expanding market presence.
- Net Profit/Loss: Despite the revenue growth, ABFRL recorded a net loss of ₹214.70 crore in Q2 FY25, up from a net loss of ₹200.34 crore in the same quarter last year, indicating a 7.18% increase in losses year-on-year.
- Half-Yearly Performance: For the six months ended September 30, 2024, ABFRL’s total revenue amounted to ₹7,071.68 crore, up from ₹6,422.50 crore in the corresponding period last year. However, the company reported a total loss of ₹429.62 crore for the half-year, compared to a loss of ₹361.96 crore in the prior year.
The widening losses come despite the revenue increase, likely reflecting higher operational costs, investments in growth, and other market pressures
