Future Enterprises Ltd higher expenses and lower income leads to negative results in revenue statements. The company reports net loss generated by the company of Rs 45.46 crore in the first quarter this year.
Leading major in Indian consumer retail market was also known as Future Retail had reported net profit of approximately Rs 315 crore in the first quarter of previous year.
The income earned by the company in first quarter of this fiscal was Rs 1,045 crore approximately against income of Rs 1,272 crore approximately in the last fiscal same quarter.
Similarly expenses in this quarter estimates to Rs 1,091 crore against the same period last fiscal it was estimated at Rs 957 crore.
FEL shares on BSE were 1.06% higher at Rs 38.25.