NEW DELHI: Reliance Industries (RIL) on Friday reported a file Rs nine,459 crore net profit in April-June on the again of close to doubling of profits from mainstay petrochemical trade.
Net profit of Rs nine,459 crore, or Rs 16 consistent with percentage, in the first quarter of 2018-19 fiscal, used to be up 18 consistent with cent over Rs 8,021 crore, or Rs 13.5 a percentage, net profit in the similar period a 12 months ago, the company stated in a commentary.
Revenue used to be up 56.5 consistent with cent at Rs 141,699 crore.
The April-June 2017 profit has been taken after apart from Rs 1,087 crore remarkable income from sale of stake in Gulf Africa Petroleum Corp.
Reliance stated pre-tax profit from petrochemical trade used to be up 94.nine consistent with cent to Rs 7,857 crore on better margins.
Its Chairman and Managing Director Mukesh Ambani stated: "Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks."
While retail trade revenues have more than doubled and EBITDA has trebled, telecom arm Reliance Jio added a file choice of subscribers, he added.
Jio has reported a profit of Rs 612 crore in Q1, a growth of 20 consistent with cent over Rs 510 crore in the previous period. Jio posted a profit for the third immediately quarter.
"Jio continues on its path to drive digital revolution in India. We doubled our customer base and most user metrics in the last 12 months. 215 million customers within 22 months of start is a record that no technology company has been able to achieve anywhere in the world," RIL chairman and managing director Mukesh Ambani stated.
Net profit of Rs nine,459 crore, or Rs 16 consistent with percentage, in the first quarter of 2018-19 fiscal, used to be up 18 consistent with cent over Rs 8,021 crore, or Rs 13.5 a percentage, net profit in the similar period a 12 months ago, the company stated in a commentary.
Revenue used to be up 56.5 consistent with cent at Rs 141,699 crore.
The April-June 2017 profit has been taken after apart from Rs 1,087 crore remarkable income from sale of stake in Gulf Africa Petroleum Corp.
Reliance stated pre-tax profit from petrochemical trade used to be up 94.nine consistent with cent to Rs 7,857 crore on better margins.
Its Chairman and Managing Director Mukesh Ambani stated: "Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks."
While retail trade revenues have more than doubled and EBITDA has trebled, telecom arm Reliance Jio added a file choice of subscribers, he added.
Jio has reported a profit of Rs 612 crore in Q1, a growth of 20 consistent with cent over Rs 510 crore in the previous period. Jio posted a profit for the third immediately quarter.
"Jio continues on its path to drive digital revolution in India. We doubled our customer base and most user metrics in the last 12 months. 215 million customers within 22 months of start is a record that no technology company has been able to achieve anywhere in the world," RIL chairman and managing director Mukesh Ambani stated.
RIL reports record quarterly profit in Q1; Jio net up 20%
![RIL reports record quarterly profit in Q1; Jio net up 20%]()
Reviewed by Kailash
on
July 28, 2018
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