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Reliance Retail Q2 profit rises 21 per cent to Rs 2,790 crore; revenue up 19.5 per cent

Adds 471 new stores in its network during the July-September period

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Key takeaways from RIL's fourth-quarter numbers

Jio’s customer base shrunk by almost 11 million to end the quarter at 410.2 million. Gross revenue for Jio Platforms, was, however, up by 21 per cent at Rs 26,139 crore, while EBITDA increased by 27.4 per cent.

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Reliance posts best quarterly performance, net profit at Rs 18,549 crore in Q3

The oil-to-retail-to-telecom conglomerate's consolidated net profit rose 35.6 per cent sequentially and 41.5 per cent over the year-ago period to Rs 18,549 crore in the quarter ended December 31, 2021, the firm said in a statement.

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Two factors that can trigger a rally in Reliance

Two factors that can trigger a rally in Reliance
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Last Updated: May 03, 2021, 11:34 AM IST
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There are near term challenges for
Reliance Retail, but had the situation been a normal one the company would have been back to its way of delivering stronger numbers, says Tarun Lakhotia, Director - Equity Research, Kotak Institutional Equities. Edited excerpts from his interview.
What are your observations on Reliance's retail and O2C business performance?
O2C segment's EBITDA seems to be on the recovery path. Volumes and margins would have been higher in this quarter if you look at global margins for both refining and petrochemical segments. For petrochemicals, it has been fairly robust in the last few months. It is expected to continue in the coming few months as well. So that should hold up well despite may be some challenges which we may see in the domestic markets from the second wave.

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