For Quick Alerts
For Daily Alerts

Reliance Industries Net Rises; Jio Profits Grow


Reliance Industries on Friday reported a near 7 per cent jump in consolidated net profit at Rs 10,104 crore for the quarter ended 30 June, 2019. It was Rs 9,459 crore in the year-ago period.

The Gross refining margin (GRM) for June quarter stood $8.1 per barrel, which was at a significant premium to the Singapore margin.

The Refining and retail Earnings Before Interest and Tax stood at Rs 4,508 crore and Rs 1,777 crore, respectively, during the quarter under review against Rs 5315 crore and Rs 1069 crore, respectively, in the same period last year. The telecom unit of the company, Jio reported a 45.60 per cent year-on-year rise in profit at Rs 891 crore for the quarter.

Reliance Industries Net Rises; Jio Profits Grow

Consolidated revenue from operations rose 21% to Rs1.61 lakh crore as compared to Rs 1.33 lakh crore in June 2018. The net profits beat expectations and markets may cheer the results on Monday. However, much would depend on the sentiments, which at the moment have remained weakish.

The shares of Reliance Industries last closed at Rs 1249 on the NSE.

Read more about: reliance
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more