- Advertisement -
HomeBusinessReliance result: There was a huge jump of 43 percent in the...

Reliance result: There was a huge jump of 43 percent in the profit of Reliance, total earning Rs 13680 crore

Net profit of 13680 crores.

Reliance Industries has announced the results for the September quarter. The consolidated net profit of the company stood at Rs 13680 crore. There has been a jump of 43 percent in comparison to the September 2020 quarter. Reliance’s consolidated net profit stood at Rs 9567 crore in the September 2020 quarter.

The operating revenue of the company stood at Rs 1.74 lakh crore. It registered a growth of 49 percent on a yearly basis. It stood at Rs 1.16 lakh crore in the September 2020 quarter. Regarding the result, the company’s chairman Mukesh Ambani said that the company’s performance has strengthened in the second quarter of the current financial year. This indicates that the Indian and global economy is improving rapidly. Once again the business has reached the pre-covid level. He said that the recovery in the retail segment has been spectacular. Along with this, there has also been a good improvement in the oil-to-chemical business.

How was the O2C business

Focus on segment business of Reliance Industries The revenue for the O2C business grew by 58 percent and stood at Rs 1.2 lakh crore. Last year it was Rs 76184 crore.

Reliance Jio performance

Talking about Jio Platforms, its net profit in the September quarter stood at Rs 3728 crore. It has registered a growth of 23 per cent on a yearly basis. Last year’s net profit of Reliance Jio was Rs 3019 crore. Talking about the revenue, the revenue of Jio in the September quarter was Rs 19777 crore. In the same period last year, it was Rs 18496 crore. The APRU has gained 3.7 per cent on a quarterly basis and is at Rs 143.60.

Retail business performance

Talking about Reliance Retail, there has been a jump of 9 percent in revenue and it has been Rs 39926 crore. It was Rs 36566 crore in the same period last year. EBITDA for retail stood at 2913 crores and there has been a jump of 45 per cent. The net profit of the retail segment stood at 1695 crores and there has been a growth of about 74 percent.

Also read, Demand for Indian spices increased after Corona, you will be surprised to know the reason

Also read, Paytm IPO: The largest IPO in Indian history has been approved, Paytm will raise Rs 16600 crore from the market

.

Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
- Advertisement -
Must Read
- Advertisement -
Related News
- Advertisement -