Reliance Retail, the retail arm of Reliance Industries (RIL), reported a 9.7 per cent sequential decline in its revenue from operations which stood at Rs 33,018 crore in the December quarter (Q3), but profit surged on the back of strong operational performance, it said on Friday.
Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company’s retail revenues, has been demerged.
Gross sales decreased 8 per cent sequentially to Rs 37,845 crore in Q3.
Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 53.9 per cent
Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the company’s retail revenues, has been demerged.
Gross sales decreased 8 per cent sequentially to Rs 37,845 crore in Q3.
Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 53.9 per cent