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Reliance Retail Q4 Pre-tax Profit Jumps 17.5 Percent to Rs 235 Crore

The firm runs formats like Reliance Fresh, Reliance Super and Reliance Hyper and operates 3,245 stores.

Published: 22nd April 2016 06:48 PM  |   Last Updated: 22nd April 2016 06:48 PM   |  A+A-

By PTI

NEW DELHI: Reliance Industries' retail arm today reported a 17.5 per cent increase in pre-tax profit at Rs 235 crore for the fourth quarter ended March 31.

Reliance Retail had reported a PBDIT (profit before depreciation and income tax) of Rs 200 crore in the same period last fiscal.

The turnover of the company rose 20.7 per cent to Rs 5,781 crore in the quarter under review as against Rs 4,788 crore in the year-ago period, Reliance Industries said in a regulatory filing.

"Reliance Retail continued its path of profitable expansion while maintaining a robust revenue growth of 23 per cent during the year," Reliance Industries Chairman and Managing Director Mukesh Ambani said.

Reliance Retail reported pre-tax profit of Rs 891 crore for 2015-16, up 13.64 per cent, compared with Rs 784 crore in 2014-15.

For 2015-16, Reliance Retail's turnover increased by 22.51 per cent to Rs 21,612 crore as against Rs 17,640 crore a year ago.

The firm runs formats like Reliance Fresh, Reliance Super and Reliance Hyper and operates 3,245 stores across 532 cities in India.

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