India's leading retain chain, Vishal Retail has announced its financial results for first quarter of the fiscal year 2010-11. The company has informed that, it has managed to narrow its loss figures in the reviewed quarter against last year's report.

The net loss of the firm was reported to be Rs 19.47 crore for the April-June quarter of the current year. For the same period of time in the previous year, the recorded net loss was Rs 90.65 crore.

Hence the company has managed to reduce the loss figure to almost 71 crore in the current year against the similar period last year. Vishal Retail has produced this fact to the Bombay Stock Exchange in a filing.

However, the net sales of the company have gone up in the first quarter of the year. The net sales of the company has gone up Rs 334.63 crore in Q1 of 2010-11 which was reported to be Rs 265.37 crore for its corresponding quarter in the financial year of 2009-10.