Reliance Retail Q1 PAT up 123% to Rs 962 cr on low base

EBITDA up 79% at Rs 1,941 crore YoY but plunged 46.3% sequentially

Reliance Retail reported a 123 per cent jump in its profit after tax (PAT) for the April-June quarter on a low base. Net profit for the quarter stood at Rs 962 crore, up from Rs 431 crore in the corresponding quarter last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) at Rs 1,941 crore, was up 79 per cent year-on-year but plunged 46.3 per cent over the previous quarter.

Its operating revenue grew 19 per cent to Rs 33,566 crore over Rs 28,197 crore that it had posted last year. However, revenue declined 18.7 per cent sequentially from Rs