Future Lifestyle Fashions Rallies 11% After Strong Quarterly Result

The stock of Future Lifestyle Fashions on Tuesday’s morning session shot up by more than 11% on the BSE. It is trading at Rs 320 per share, higher by 11.6% at 10:48 AM IST. It witnessed a spurt in the volume by more than 2.83 times. The stock also hit an intraday high at Rs 321.25, which is its record high.

The company on Monday reported a standalone net profit at Rs 18.93 crore for the quarter ended March 2107, an increase of 262.6% as against Rs 5.22 crore in the same quarter for the previous year, as per BSE filing.

The board of the company also recommended a dividend of Rs.0.80/- (40%) per equity share of Rs.2/- each for the financial year ended 31 March 2017, subject to the approval of shareholders, as per BSE filing. Future Lifestyle Fashions is engaged in the business of fashion. The company offers textiles, wearing apparel, shoes, jewellery, furniture and other fashion goods/accessories.

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