New Delhi: Future Lifestyle Fashion (FLFL), part of Kishore Biyani-led Future Group, on Friday reported a 23.98% growth in its net profit at Rs44.45 crore for the third quarter ended December 2017.

The company had posted a net profit of Rs35.85 crore in the same quarter of last fiscal. Its total income during the quarter under review stood at Rs1,236.97 crore. It was at Rs1,066.21 crore in the corresponding period of the last fiscal, the company said in a BSE filing.

The company said total revenue from operations for the quarter was not comparable with corresponding earlier period, consequent to introduction of goods and services tax on 1 July. Revenue from operations for the earlier periods (before 1 July) included excise duty which is now subsumed in goods and services tax (GST). Shares of FLFL closed 6.39% lower at Rs355.25 apiece on the BSE.