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Reliance Retail bucks trend as revenue rises 27%; pre-tax profit up 67%

This is the second straight quarter that Reliance Retail's Ebitda has crossed Rs 2,000 crore

FILE PHOTO: A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad. Photo: Reuters
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FILE PHOTO: A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad. Photo: Reuters

Viveat Susan Pinto Mumbai
The retail arm of Reliance Industries (RIL) posted a pre-tax profit of Rs 2,322 crore for the quarter ended September 30, (Q2) year-on-year (YoY) growth of nearly 67 per cent as it reaped benefits of scale during the quarter.

This is the second straight quarter that Reliance Retail’s earnings before interest, tax, depreciation, and amortisation (Ebitda) has crossed Rs 2,000 crore. Along with the telecom venture Jio, Reliance Retail contributes nearly a third of its earnings, RIL said on Friday, with a plan in place to take contribution of the two businesses to 50 per cent in the next few years.

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