By CNBCTV18.com Jul 30, 2020 9:54:02 PM IST (Updated)
Reliance Retail reported its first quarter (Q1FY20) numbers today. Compared to the same period a year ago, revenue declined 17 percent coming at Rs 31,663 crore versus Rs 38,200 crore.
Reliance Retail reported its first quarter (Q1FY20) numbers today. Compared to the same period a year ago, revenue declined 17 percent coming at Rs 31,663 crore versus Rs 38,200 crore.
Margins fell to 2.3 percent versus 4.7 percent in the year-ago period. The EBIT reading was lower than street estimates coming in at Rs 722 crore versus Rs 1,780 crore, a fall of almost 60 percent.
The company reported a net profit of Rs 431 crore despite 50 percent of its stores being fully shut and 29 percent operating partially.