Future Retail shares surges by 5% on Q1 loss

Future Retail shares surges by  5% on Q1 loss

On Tuesday the shares of future Retail tanked 5 percent in half of the trading session on BSE, a day after the company reported its June quarter scorecard.

According to reports In Q1FY21, the company incurred a net loss of Rs 561.95 crore against a profit of Rs 159.24 crore in the corresponding quarter a year ago.

Revenue from operations for the June quarter stood at Rs 1,358.11 crore against Rs 5,197.11 crore year-on-year (YoY).