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Revenue improved by 29% year-on-year to Rs 41,778 crore. However, high input costs meant that the earnings before interest, tax, depreciation and amortisation (EBITDA) declined by 83% on-year to Rs 1,752 crore. EBITDA margin narrowed from 32% to 4.2%.

Net interest income rises about 40% to Rs 516 crore in the quarter

Reliance Retail Q2 Results: Net profit rises 36% YoY

Updated at : 2022-10-21 22:20:01

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Reliance Retail opened 795 stores with an area of 9.2 m sq ft, up 20% QoQ

The company aims to raise Rs 500 crore via IPO

The rupee has fallen 0.4% against the dollar this week, marking the sixth straight weekly fall

Revenues rose 7% YoY to Rs 2,291 crore during Q2FY23, compared to Rs 2,137 crore in Q2FY22.

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The Dow Jones Industrial Average fell 42.4 points, or 0.14%, at the open to 30,291.18.

“Now, Nifty has to be above 17,500 zones for an up move towards 17,777 and 17,850 zones whereas supports are placed at 17,442 and 17,350 zones,” Chandan Taparia of Motilal Oswal.

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The Dow Jones Industrial Average fell 42.4 points, or 0.14%, at the open to 30,291.18.

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The Thrissur-headquartered lender saw a 12% year-on-year rise in net interest income for the quarter but a fall in treasury earnings dragged down both operating and net profit growth

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