Reliance Retail Q3 pre-tax profit grows 62 per cent

Mukesh Ambani-led Reliance Retail posted a 62.3 per cent jump in earnings before interest, tax, depreciation and amortization (EBITDA) to Rs 2,727 crore for the third quarter of the financial year 2019-20. The company had posted EBITDA of Rs 1,680 crore during the corresponding period last year. Revenue for the quarter under review grew by 27.4 per cent year-on-year to Rs 45,327 crore from Rs 35,577 crore with accelerated store roll-out and strong like-for-like sales, the company said.