Planning to invest Rs 8-10 crore for store expansion: Archies
Pramod Arora, Joint MD of Archies said that the rupee depreciation has impacted the company's third quarter earnings. The company's PAT for the quarter under review was down 21 per cent to Rs 3.62 crore against Rs 4.57 crore year on year. "We are planning to invest Rs 8-10 crore for store expansion and our fund requirement will rise once the expansion activity picks up," he said.
