{"id":427278,"date":"2021-07-24T11:29:26","date_gmt":"2021-07-24T05:59:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427278"},"modified":"2021-07-24T11:29:26","modified_gmt":"2021-07-24T05:59:26","slug":"ril-profit-declines-7-3-to-rs-12273-crore-misses-estimate","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-profit-declines-7-3-to-rs-12273-crore-misses-estimate\/","title":{"rendered":"RIL profit declines 7.3% to Rs 12,273 crore, misses estimate"},"content":{"rendered":"<p>Reliance Industries (RIL), on Friday, missed estimates by reporting a consolidated net profit of Rs 12,273 crore for April-June quarter, down 7.3% on a year-on-year basis. The company\u2019s consolidated revenues during the period at Rs 1.4 lakh crore, was up 58.2% y-o-y, slightly behind Bloomberg consensus estimates.<\/p>\n<p>Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter was Rs 23,368 crore, up by 38.5% annually as Ebitda for Jio Platforms increased 21.3% to Rs 8,892 crore and retail Ebitda rose 79.9% to Rs 1,941 crore. Ebitda for RIL\u2019s oil to chemical business improved by 49.8% annually to Rs 12,231 crore while its gas production business unit reported an Ebitda of Rs 797 crore against a negative Ebitda of Rs 32 crore in Q1FY21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries (RIL), on Friday, missed estimates by reporting a consolidated net profit of Rs 12,273 crore for April-June quarter, down 7.3% on a year-on-year basis. The company\u2019s consolidated revenues during the period at Rs 1.4 lakh crore, was up 58.2% y-o-y, slightly behind Bloomberg consensus estimates. Earnings before interest, taxes, depreciation and amortisation (Ebitda) for the quarter was Rs 23,368 crore, up by 38.5% annually as Ebitda for Jio Platforms increased 21.3% to Rs 8,892 crore and retail Ebitda rose 79.9% to Rs 1,941 crore. Ebitda for RIL\u2019s oil to chemical business improved by 49.8% annually to Rs 12,231 [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-427278","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427278","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=427278"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427278\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}