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Homegrown retail major Future Enterprises on Tuesday reported a standalone net profit of Rs 315.48 crore for the first quarter ended June 2016.
The company, earlier known as Future Retail, had posted a net profit of Rs 44.10 crore in the April-June quarter of the previous financial year.
Future Enterprises (FEL) net sales stood at Rs 921.19 crore in the quarter under review as compared to Rs 2,846.84 crore in the year-ago period, the company said in a BSE filing.
FEL informed that "figures are not comparable with the previous year/quarter" due to demerger of the retail business into Bharti Retail and demerger of the retail infrastructure of FRL into the company.
