{"id":365802,"date":"2020-07-31T11:07:16","date_gmt":"2020-07-31T05:37:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365802"},"modified":"2020-07-31T12:35:41","modified_gmt":"2020-07-31T07:05:41","slug":"reliance-industries-posts-rs-13248-cr-net-profit-for-june-quarter","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-posts-rs-13248-cr-net-profit-for-june-quarter\/","title":{"rendered":"Reliance Industries posts Rs 13,248 cr net profit for June quarter"},"content":{"rendered":"<p>Reliance Industries Ltd (RIL) on Thursday reported record net profit of Rs 13,248 crore in June quarter after one-time gain from stake sale as well as bumper telecom revenues cushioned COVID-19-hit earnings from refining, petchem and retail segments. <\/p>\n<p>The net profit in April-June was 30.6 per cent higher than it was in the same period a year back, and bettered the company&#8217;s previous best of Rs 11,640 crore earning in October-December 2019, the company said in a statement.<\/p>\n<p>The oil-to-telecom conglomerate said it had a one-time gain of Rs 4,966 crore from sale of 49 per cent stake in fuel retailing venture to BP plc.<\/p>\n<p>This together with 183 per cent jump in Reliance Jio&#8217;s standalone net profit to Rs 2,520 crore covered up drop in earnings from mainstay segments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd (RIL) on Thursday reported record net profit of Rs 13,248 crore in June quarter after one-time gain from stake sale as well as bumper telecom revenues cushioned COVID-19-hit earnings from refining, petchem and retail segments. The net profit in April-June was 30.6 per cent higher than it was in the same period a year back, and bettered the company&#8217;s previous best of Rs 11,640 crore earning in October-December 2019, the company said in a statement. The oil-to-telecom conglomerate said it had a one-time gain of Rs 4,966 crore from sale of 49 per cent stake in fuel [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-365802","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365802"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365802\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}