Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported consolidated net profit of Rs 13,227 crore for the quarter ended March 31, 2021 (Q4FY21), up 108% from Rs 6,348 crore logged in the corresponding quarter last year (Q4FY20).
The company’s revenue from operations rose 11% to Rs 1.54 lakh crore as compared to Rs 1.39 lakh crore in the year-ago period.
“We have registered robust recovery in oil-to-chemical (O2C) and retail segment, and resilient growth in digital services business. Sustained high utilisation rates across sites and improvement in downstream product deltas and transportation fuel margins aided O2C earnings growth,” said Mukesh Ambani, chairman of Reliance Industries.
