Pantaloon Retail’s FY`09 consolidated net declines 54.08%

Pantaloon Retail (India), a part of Future Group, has informed that it has recorded a dip of 54.08% in the consolidated net profit for the fiscal ended June 30, 2009.

During the current fiscal, the conglomerate has posted a profit of Rs 100.70 million as compared to Rs 219.30 million for the year ended June 30, 2008.

However, consolidated total income of the company stood at Rs 77,648 million, a growth of 31.69% over the prior year period.

Meanwhile, on a standalone basis, the company has clocked a growth of 11.60%  in its net profit which stood at Rs 1,405.80 million over the prior year period of Rs 1.259.70 million. On the other hand, company's total income in the same period stood at Rs 63,477.60 million, up 25.63% over the prior year period.

Shares of the company gained Rs 1.3, or 0.57%, to settle at Rs 230. The total volume of shares traded was 16,963 on Bombay Stock Exchange (BSE) (Friday).