Mukesh Ambani-led Reliance Industries Ltd, or RIL, reported a consolidated net profit of Rs 13,227 crore for the quarter ended March 2021 (Q4), more than double the Rs 6,348 crore reported in the year-ago quarter.
While the jump should be seen in the light of last year’s low base, when profit was lower on account of an exceptional loss of Rs 4,267 crore, the performance for Q4FY21 is largely in line with analysts’ expectations.
Revenue and Ebitda, however, beat estimates (Ebitda is earnings before interest, tax, depreciation, and amortisation).
The top line, or revenue from operations, in the period under review grew 9.6 per cent year-on-year (YoY) to Rs 1.5 trillion, led by strong performance of its telecom and retail business and healthy growth in the O2C (oil-to-chemicals) segment.
