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Future Lifestyle and Fashions Ltd (FLFL) today reported net profit of Rs 108.90 crore for the second quarter ended September 30, 2013-14.
The company did not have operations in the corresponding quarter of the previous fiscal, 2012-13.
During the July-September quarter, FLFL's net sales stood at Rs 690.10 crore, the company said in a BSE filing.
FLFL divested its 25.8% stake in BIBA Apparels in favour of a PE fund for Rs 190 crore during the quarter.
The company, in an investors' update, said it plans to exit its 22.9% stake in AND Designs during the December 2013 quarter.
Future Retail demerged its fashion business in November 2012 and formed a new company called Future Lifestyle Fashions (FLFL). FLFL has a portfolio of over two dozen fashion and lifestyle brands.
FLFL scrip closed at Rs 70.65, down 4.25%, on the BSE.
