Comments
Reliance Industries today reported a 17.3 per cent jump in its fourth quarter net profit on the back of robust petrochemical margins and upstart telecom arm Jio’s maiden profits.
Its net profit of Rs 9,435 crore, or Rs 15.9 per share, in January-March was 17.3 per cent higher than Rs 8,046 crore, or Rs 13.6 a share, posted in the same period a year ago.
On a sequential basis, the company’s net profit rise was only 0.1 per cent, RIL said in a statement.
The company, however, reported a record net profit of Rs 36,075 crore for the 2017-18 fiscal, up 20.6 per cent.
The firm’s telecom arm, Jio, reported a net profit of Rs 510 crore (on a quarterly basis) in the fourth quarter on a revenue of Rs 7,128 crore.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.