Reliance Retail Q1 profits up 65.8 per cent

For the first quarter Reliance Industries’ led Reliance Retail posted a 65.8 per cent increase in profit before depreciation, interest and taxes (PBDIT) to Rs 398 crores, for the first quarter ended June 30, 2017 of financial year 2017-18. The company had posted PBDIT of Rs 240 crores during the corresponding period last fiscal. Q1 revenues for financial year 20176-18 grew by 73.6 percent year-on-year to Rs 11,571 crores which the company stated as a milestone for quarterly revenues. During the first quarter of financial year 2016-17, the revenue stood at Rs 6,666 crore, the company said.