Future Retail reports 88% rise in Q3 net profit; shares jump

The shares of Future Retail jumped 10% after the company reported 88% rise in net profit during the quarter ended on December 31.

At 1429 hours the shares of the company were trading at Rs 208.05 per piece, up 10.08% or Rs 19.05 on BSE.

Future Retail on Tuesday announced its financial result for the quarter ended on December 31. The company reported a net profit of Rs 101.05 crore, a jump of 87.7% during the third quarter as against Rs 53.83 crore during the same period last year.

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The total income from operations during Q3FY17 stood at Rs 4420.12 crore as compared at Rs 2496.07 crore in Q3FY16.