RIL Q4 results: Net profit rises 19% to Rs 19,299 cr, beats estimates
Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 19,299 crore for the quarter ended March (Q4FY23). This was up nearly 19 per cent year-on-year (YoY) from Rs 16,203 crore, helped by the performance of its mainstay energy unit. This is the company’s highest-ever quarterly net profit.
The net profit of Rs 19,299 crore in January-March 2023 compares to Rs 16,203 crore earning a year back.
RIL’s revenue from operations rose to Rs 2.16 trillion from Rs 2.11 trillion in January-March 2022.
O2C business, which had a great run for two years on higher demand for transportation fuels, was dented by the government’s windfall tax on fuel exports.
