Increased ARPU and robust 02C business boosted RIL’s Q4 results

NEW DELHI: Without much fanfare, India’s biggest listed entity Reliance Industries (RIL) announced its quarterly and FY22 results on Friday evening.

While the company reported a strong year-on-year growth in net profit (though it missed street estimate at large), a close view of RIL result shows had it not been significant surge in ARPU and robust performance of its oil-to-chemical (O2C) business, its performance during the quarter would have faced major hurdles.