Reliance Retail Q2 Results: Profit rises 1.3% YoY to Rs 2,836 crore, revenue declines by 3.5%
Reliance Retail Ventures (RRVL) on Monday reported a 1.3% rise in its September quarter consolidated net profit to Rs 2,836 crore versus Rs 2,800 crore reported in the year-ago period.
The revenue from operations stood at Rs 66,502 crore, lower by 3.5% over Rs 68,937 crore posted by the company in the corresponding quarter of the previous financial year.
The retail arm of Reliance Industries (RIL) reported gross revenue of Rs 76,302 crore, down 1.1% YoY as growth was impacted by weak fashion and lifestyle (F&L) demand, continued focus on streamlining of operations and calibrated approach to B2B business to improve margins.
The company reported earnings before interest, taxes, depreciation and amortisation (EBITDA) at Rs 5,850 crore, up 0.3% YoY. Meanwhile, EBITDA from operations was at Rs 5,675 crore, up 1% YoY. EBITDA margin from operations stood at 8.5%, up 40 bps YoY.
Depreciation for 2Q FY25 was reported at Rs 1,420 crore, up 1.5% Y-o-Y.
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