With petrol pumps, Reliance turns retail into Rs 34,000-crore biz
The company's revenue for the fourth quarter was Rs 10,332 crore, up 18.9 per cent sequentially Reliance Retail , the retail arm of Mukesh Ambani-led Reliance Industries, reported a 65.6 per cent jump in profit before depreciation, interest and tax (PBDIT) to Rs 366 crore for the quarter ended March 31, against Rs 221 crore in the same period last financial year. The PBDIT stood at Rs 333 crore in the quarter ended December 31. The figures are not strictly comparable, though, as the company put its petroleum retail business under its organised retail segment from 2016-17. The company’s revenue for the fourth quarter was Rs 10,332 crore, up 18.9 per cent sequentially. Revenue for the full year was Rs 33,765 crore ($5.2 billion), up 60.2 per cent as compared to the previous year. But, again, the previous year’s numbers did not include fuel retailing. Read this: 'We don't endorse this': No petrol on Sundays gets thumbs down from govt “The increase in...