{"id":508111,"date":"2022-07-23T09:34:38","date_gmt":"2022-07-23T04:04:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=508111"},"modified":"2022-07-23T09:44:48","modified_gmt":"2022-07-23T04:14:48","slug":"ril-q1-net-profit-surges-46-yoy-to-rs-17955-crore-revenue-jumps-57","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-q1-net-profit-surges-46-yoy-to-rs-17955-crore-revenue-jumps-57\/","title":{"rendered":"RIL Q1 net profit surges 46% YoY to Rs 17,955 crore; revenue jumps 57%"},"content":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company\u2019s owners) of Rs 17,955 crore for the quarter ended June 30, 2022 (Q1), up 46.3 per cent over the year-ago period, but fell well short of expectations.<\/p>\n<p>A poll of analysts by Bloomberg had estimated net profit at Rs 21,615 crore in Q1.<\/p>\n<p>The oil-to-telecom conglomerate\u2019s gross sales for the quarter came in at Rs 2.43 trillion, up 53 per cent over the year-ago period. Excluding goods and services tax and excise duty, net sales surged 56.7 per cent year-on-year (YoY) to Rs 2.19 trillion for the reported quarter, almost in line with the estimates of Rs 2.25 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company\u2019s owners) of Rs 17,955 crore for the quarter ended June 30, 2022 (Q1), up 46.3 per cent over the year-ago period, but fell well short of expectations. A poll of analysts by Bloomberg had estimated net profit at Rs 21,615 crore in Q1. The oil-to-telecom conglomerate\u2019s gross sales for the quarter came in at Rs 2.43 trillion, up 53 per cent over the year-ago period. Excluding goods and services tax and excise duty, net sales surged 56.7 per cent year-on-year (YoY) to Rs 2.19 [&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":[135,130,169],"tags":[],"class_list":["post-508111","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508111","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=508111"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508111\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=508111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=508111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=508111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}