RIL Q1 net profit up 40% to Rs 19.4K crore
Despite a tight fuel market, Reliance Industries Ltd (RIL) has reported a 40.8 per cent rise in net profit at Rs 19,443 crore in the quarter ended June 2022 as against Rs 13,806 crore in the same period a year ago.
RIL’s total income shot up by 53 per cent to Rs 242,982 crore for the June quarter as against Rs 158,862 crore a year ago. The company’s subsidiary Jio Platforms Ltd posted 24.1 per cent growth in net profit at Rs 4,530 crore in the June quarter as against Rs 3,651 crore. Gross revenue rose by 23.6 per cent to Rs 27,527 crore from Rs 22,267 crore in the June quarter a year ago.
Reliance Retail’s gross revenue increased to Rs 58,554 crore in June 2022 quarter as against Rs 38,547 crore a year ago. Its net profit rose by 114.2 per cent to Rs 2,061 crore.
