For the financial year 2013-14, Pantaloons' net loss increased to Rs 187.73 crore. It was Rs 68.89 crore in 2012-13 fiscal.
Aditya-Birla group firm Pantaloons Fashion & Retail Ltd has registered net loss of Rs 70.75 crore in the fourth quarter ended on March 31, 2014. It had reported net loss of Rs 59.52 crore in the January-March quarter of 2012-13 fiscal, the company said in a filing to the BSE.
Pantaloons' Q4 net sales also declined to Rs 400.61 crore as against Rs 392.66 crore in the same quarter a year ago. For the financial year 2013-14, Pantaloons' net loss increased to Rs 187.73 crore. It was Rs 68.89 crore in 2012-13 fiscal.
However, Pantaloons' net sales increased to Rs 1,628.62 crore last fiscal from Rs 1,256.72 crore in 2012-13. "The figures of March 31 includes figures of the demerged undertaking which has been transferred to the company with effect from July 1, 2012 and therefore to that extent not comparable with the figures of March 31, 2014 year end," the company said.
In 2012, Aditya Birla Nuvo Ltd had entered into a pact with the Future Group to infuse Rs 1,600 crore into 'Pantaloons' and acquire a majority stake in the store chain. Pantaloons scrip closed at Rs 134.60 on the BSE, down 0.33 percent from its previous close.
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