Reliance Retail Q3 pre-tax profit zooms over 62% to Rs 2,727 crore

Firm's revenue grew 27.4 per cent YoY during the quarter to touch Rs 45,327 cr

The retail arm of Reliance Industries (RIL) posted earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 2,727 crore for the quarter ended December 31, 2019 (Q3), a year-on-year (YoY) growth of 62.3 per cent as it reaped benefits of scale during the period.

This is third straight quarter that Reliance Retail’s Ebitda has crossed Rs 2,000 crore. Along with telecom venture Jio, Reliance Retail now contributes 37 per cent to RIL’s Ebitda, the company said on Friday, adding that it plans to take this contribution to 50 per cent in the next few years.

However, the bigger surprise