Reliance Retail Q1 Results: Profit zooms 114% YoY; logs best-ever quarterly revenue at Rs 58,554 crore

Reliance Retail today said its net profit for the June quarter jumped by 114.2 per cent YoY to Rs 2,061 crore. The Mukesh Ambani-owned retail chain’s quarterly revenue was the best ever at Rs 58,554 crore, higher by 51.9 per cent YoY.

Reliance NSE 0.68 % Retail’s operating EBITDA shot up by 180.4 per cent YoY to Rs 3,897 crore with a 350-bps improvement in the margin at 7.6 per cent compared to 4.1 per cent in the corresponding quarter of the previous year.