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Pantaloon Retail (India) drops after poor Q4 results

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Capital Market
Last Updated : Aug 09 2013 | 11:58 PM IST

Pantaloon Retail (India) fell 3.35% to Rs 154.50 at 9:42 IST on BSE after consolidated net profit fell 77.6% to Rs 22.71 crore on 6.5% growth in net sales to Rs 3552.45 crore in Q4 June 2012 over Q4 June 2011.

The company announced the results after market hours on Wednesday, 8 August 2012.

Meanwhile, the BSE Sensex was up 79.28 points or 0.45% to 17,679.84.

On BSE, 1.97 lakh shares were traded in the counter as against average daily volume of 10.34 lakh shares in the past one quarter.

The stock hit a high of Rs 160.60 and a low of Rs 153.70 so far during the day. The stock had hit a 52-week low of Rs 125.30 on 2 January 2012. The stock had hit a 52-week high of Rs 320.20 on 10 August 2011.

The stock had underperformed the market over the past one month till 8 August 2012, falling 16.74% compared with the Sensex's 0.45% rise. The scrip had also underperformed the market in past one quarter, rising 4.68% as against Sensex's 6.37% rise.

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The mid-cap company has equity capital of Rs 46.31 crore. Face value per share is Rs 2.

Pantaloon Retail (India)'s consolidated net profit fell 79% to Rs 29.74 crore on 9% growth in net sales to Rs 13031.29 crore in the year ended 30 June 2012 over the year ended 30 June 2011.

Pantaloon Retail (India) is the flagship company of the Future Group. It has presence in 85 cities and 60 rural locations across the country through over 15 million square feet of retail space.

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First Published: Aug 09 2012 | 9:44 AM IST

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