{"id":89957,"date":"2023-02-13T18:30:00","date_gmt":"2023-02-13T13:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=89957"},"modified":"2023-02-13T18:26:21","modified_gmt":"2023-02-13T12:56:21","slug":"biz-results-future-consumer-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/","title":{"rendered":"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-580010979\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1681747817\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company had posted a net loss of Rs 46.50 crore in the October-December period a year ago, Future Consumer Ltd (FCL) said in a regulatory filing.<\/p><p>The revenue from operations of the debt-ridden Future Group&#8217;s FMCG arm was down 79.64 per cent to Rs 91.73 crore during the quarter under review as against Rs 450.73 crore in the year-ago period.<\/p><p>It has incurred loss &#8220;primarily owing to the exceptional items, lower volumes, finance costs and depreciation,&#8221; said FCL.<\/p><div class=\"trade-content_5\" id=\"trade-815488991\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company&#8217;s total expenses were at Rs 128.87 crore in Q3 FY23.<\/p><p>According to FCL, during the period ended December 31, 2022, the banks have classified the loans given to the holding company as non-performing assets (NPA).<\/p><p>&#8220;Due to default in borrowings, non-current borrowings including interest accrued thereof aggregating to Rs 89.38 crore have been reclassified to current borrowings and other financial liabilities,&#8221; it said.<\/p><p>Its total debt servicing obligations due, including interest, aggregates to Rs 444.70 crore as of December 31, 2022.<\/p><p>Moreover, FCL has also &#8220;significant receivables&#8221; of Rs 393.90 crore due from the Future Group&#8217;s another step-down firm Future Retail, currently facing insolvency proceedings before NCLT.<\/p><p>FCL has recorded an expected credit loss on the entirety of the receivable from Future Retail, which is presently protected under moratorium as per the provisions of the Insolvency &amp; Bankruptcy Code (IBC).<\/p><div class=\"trade-content-10\" id=\"trade-2675461995\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Moreover, due to a reduction in business operations and a decrease in the expected realisable value of assets, FCL has recorded an impairment loss of Rs 57.75 crore during the quarter ended December 2022.<\/p><p>&#8220;These events\/ conditions indicate the existence of material uncertainty on the Group&#8217;s ability to continue as a going concern,&#8221; FCL said, adding, &#8220;to address the liquidity crunch and to maintain the sufficient working capital, it has adopted several measures, including sales to other customers, cost optimisation, discussion with banks for restructuring\/ one-time settlement of loans, other strategic initiatives for fresh investments, monetisation of identified assets, etc.&#8221; The expected proceeds from the monetisation of assets which includes property plant and equipment, investments and other assets aggregating to Rs 368.50 crore will be utilised to repay the borrowings.<\/p><p>Shares of Future Consumer Ltd on Monday settled 0.86 per cent up at Rs 1.17 apiece on the BSE. PTI KRH SHW<\/p><div class=\"trade-after-content\" id=\"trade-1125778022\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter. The company had posted a net loss of Rs 46.50 crore in the October-December period a year ago, Future Consumer Ltd (FCL) said in a regulatory filing. The revenue from operations of the debt-ridden Future [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-89957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr\" \/>\n<meta property=\"og:description\" content=\"Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-13T13:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/\",\"name\":\"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\",\"datePublished\":\"2023-02-13T13:00:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\"},\"description\":\"Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3\",\"name\":\"PTI News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g\",\"caption\":\"PTI News\"},\"url\":\"https:\/\/tradebrains.in\/features\/author\/ptinews\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr - Trade Brains Features","description":"Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/","og_locale":"en_US","og_type":"article","og_title":"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr","og_description":"Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.","og_url":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-02-13T13:00:00+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","type":"image\/jpeg"}],"author":"PTI News","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"PTI News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/","url":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/","name":"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","datePublished":"2023-02-13T13:00:00+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3"},"description":"Future Consumer Ltd on Monday reported narrowing of its consolidated net loss to Rs 41.23 crore for the December quarter.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/FMCG-Cover-Image-.jpg","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/biz-results-future-consumer-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Future Consumer Q3 Results: Consolidated net loss narrows to Rs 41.23 cr"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/432b854fc143da831dae702afe00a7d3","name":"PTI News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/33d290530d88025709a22a0e9cea1a42ff2e6013ca877b91a86e7ca950cdd59e?s=96&d=mm&r=g","caption":"PTI News"},"url":"https:\/\/tradebrains.in\/features\/author\/ptinews\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/89957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=89957"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/89957\/revisions"}],"predecessor-version":[{"id":89964,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/89957\/revisions\/89964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/13067"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=89957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=89957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=89957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}