Home News Reliance Retail’s Q1 pre-tax profit jumps 21% to Rs 240 crore

Reliance Retail’s Q1 pre-tax profit jumps 21% to Rs 240 crore

1 min read

Reliance, Reliance Jio, Reliance Jio 4G launch, SRK, Reliance Jio 4G for employees, tech news, technology

Reliance Retail, the retail arm of Reliance Industries, on Friday reported a 21.21 per cent increase in its pre-tax profit at Rs 240 crore for the first quarter ended June 30.

Reliance Retail had reported a PBDIT (profit before depreciation and income tax) of Rs 198 crore in the same period last fiscal.

Reliance Retail’s turnover jumped by 45.80 per cent to Rs 6,666 crore in the quarter under review as against Rs 4,572 crore in the year-ago period, Reliance Industries said in a regulatory filing.

“The increase in turnover was led by growth in digital, fashion and lifestyle and petroleum products. The business delivered strong PBDIT of Rs 240 crore in first quarter 2016-17 as against Rs 198 crore in the corresponding period of the previous year,” Reliance Industries said in a BSE filing.

During the quarter, Reliance Retail added 138 stores across various store concepts, strengthened its distribution network for consumer electronics and enhanced omni commerce channel offerings by launching http://www.footprint360.com.

The firm runs formats like Reliance Fresh, Reliance Super and Reliance Hyper and operates 3,383 stores across 679 cities in India.


Load More Related Articles
  • Aloe Vera

    Aloe Vera is truly ideal to fight anything associated with frame and hair, evidently. it i…
  • Curry Leaves and Coconut Oil

    treatments for hair increase are incomplete with out the inclusion of curry leaves into it…
  • Egg, Honey and Olive Oil blend

    The combination of egg, honey and olive oil makes this treatment one of the robust natural…
  • Egg mask

    Egg mask is one of the best home remedies for dull hair. restoration residences of the egg…
  • Hair Oil rubdown

      step one that you can take to lessen hair loss is to rub down your scalp with appro…
  • ASUS ROG unveils new gaming notebook at Rs 94,990

    New Delhi: Under its Republic of Gamers (ROG) series, Taiwanese company ASUS on Thursday l…
Load More By Sayantani Singha
Load More In News
Comments are closed.