Page 36 - Future Consumer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Explore Now NEW DELHI: Future Enterprises Ltd on Wednesday reported a consolidated net loss of Rs 320.56 crore for the second quarter ended September 2020, on account of lower revenue from operations. The company had posted a net profit of Rs 21.78 crore in the corresponding quarter a year ago. Its revenue from operations was down to Rs 237.88 crore during the quarter under review as against Rs 1,699.84 crore reported in the corresponding quarter last fiscal, Future Enterprises Ltd (FEL) said in a BSE filing. "Covid-19 pandemic and consequent lockdown imposed throughout the country has ha...

We'll soon meet in your inbox. Please wait... As part of the funding round, the company has also instituted an Employee Stock Ownership Plan (Esop) buyback worth Rs 15 crore for the benefit of early employees. It will also add another 40-50 employees to its Esop pool. “The latest round of funding will be deployed to accelerate the company’s strategic expansion to newer markets, foster product innovation and leverage technology to deepen its consumer first-approach,” Ankit Garg, co-founder and CEO, said. Following this round, the founders will continue to hold more than 50% stake and aro...