Reliance Retail's PBDIT jumps 65.8% to Rs 398 crore

NEW DELHI: Mukesh Ambani-led Reliance Retail on Thursday reported a 65.8% jump in profit before depreciation, interest and taxes (PBDIT) to Rs 398 crore, for the first quarter ended June 30, 2017 of FY18 compared to the same quarter last year, the company said in its earning announcement. The company had posted PBDIT of Rs 240 crore during the corresponding period of last fiscal.

Q1 revenues for financial year 20176-18 grew by 73.6% year-on-year to Rs 11,571 crore 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.