Shares of Reliance Industries Limited fell by 2 per cent ahead of the announcement of quarterly results in 2021. The conglomerate's net profit decreased to Rs 12,273 crore.
New Delhi (Anish Yande): Shares of Reliance Industries Limited fell by 2 per cent on Friday's trading session ahead of the announcement of quarterly results in 2021. Reliance Industries shares opened at Rs 2,134 per share from its previous close of Rs 2,120 per share on Monday.
The shares of the oil-to-telecom conglomerate rose to an intraday high of Rs 2,134 per share falling to an intraday low of Rs 2,102. The market cap of the company fell to Rs 1,357,144 crore.
Reliance Industries Limited net profit decreases to Rs 12,273 crore:
Reliance Industries Limited reported a consolidated net profit of Rs 13,233 crore in the corresponding quarter last year. The oil-to-telecom conglomerate's net profit decreased to Rs 12,273 crore for the quarter ended June 30, 2021 The Q1 net profit fell by 7.2% on a year-on-year basis.
The net profit of Reliance Industries Limited was recorded at Rs 10,845 crore during the March quarter last year, increasing by 13%. Adjusted profit after tax increased by 48.4 per cent.
The consolidated revenue from operations of Reliance Industries rose to Rs 1.44 lakh crore in Q1 FY22. Revenue from operations was at Rs 91,238 crore in the same period last year. The consolidated revenue from operations increased by 58.2 per cent on a year on year basis.
The RIL’s revenue from the oil-to-chemical segment rose 75.2 per cent to Rs 1,03,212 crore. The EBITDA from the oil-to-chemical segment was rose to Rs Rs 12,231 crore in the corresponding quarter a year ago, increasing 49.8 per cent YoY.
Jio Platforms revenue from operations rose 9.8 per cent:
Jio Platforms segment revenue from operations grew 9.8 per cent to Rs 18,952 crore, as compared to Rs 4,043 crore of the corresponding quarter. Net profit for the Jio Platforms segment rose to Rs 3,651 crore, with a growth of 44.9 per cent YoY.
The total customer base of Jio Platforms grew to 44.06 crores with a net addition of 4.23 crore customers, as of June 30, 2021. Reliance Retail revenue from operations grew to Rs 33,566 crore, at an increase of 19 per cent.
RIL's earnings before interest, taxes, depreciation and amortization rose Rs 27,550 crore in Q1 FY22 as compared with Rs 21,585 crore in Q1 FY21, at an increase of 27.6%.
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