Reliance Industries net up 6.8%
The consolidated net profit of Reliance Industries Ltd, the oil to telecom conglomerate owned by billionaire Mukesh Ambani, rose 6.8 per cent in the April-June quarter to ₹10,104 crore from a year ago, as revenue from operations jumped 22.1 per cent to ₹1,72,956 crores.
The consolidated net profit was ₹9,459 crore on operational revenue of ₹1,41,699 crore in the first quarter of FY19.
On a stand-alone basis, the net profit rose 2.4 per cent to ₹9,036 crore from ₹8,820 crore a year earlier, the company said in a filing to the stock exchanges.
Reliance Industries — which runs the world’s biggest refining and petrochemicals complex at Jamnagar in Gujarat — said the quarterly consolidated net profit was unaffected by the volatility in crude prices and other factors.
