Shares of Aditya Birla Fashion and Retail Limited saw a decline of 4 percent in morning trade on February 15, falling to Rs 234.5. The drop followed the company’s announcement of a net loss of Rs 107.60 crore for the third quarter, a stark contrast to the net profit of Rs 11.21 crore reported in the same period last year.
Despite a 16 percent increase in revenue from operations, reaching Rs 4,166.71 crore compared to Rs 3,588.80 crore in the corresponding quarter last year, the company’s performance failed to meet expectations.
As of 10:42 am, the shares continued to trade lower, down by 2.42% at ₹237.50. Investors are closely monitoring the company’s financial performance amid concerns over its profitability.
