Business Standard

Reliance Q4 result: Experts see RIL in $100 bn club; give thumbs up to Jio

How is Reliance Jio managing so many freebies? That is questionable, says Sanjiv Bhasin, IIFL

Mukesh Ambani

BS Web Team New Delhi
Oil-to-telecom conglomerate Reliance Industries today reported its highest quarterly net profit of Rs 94.35 billion on record earnings from petrochemical and retail business and rise in profitability of its upstart telecom unit, Jio. Consolidated net profit of Rs 94.35 billion, or Rs 15.9 per share, in January-March was 17.3 per cent higher than Rs 80.46 billion, or Rs 13.6 a share, in the same quarter of the last fiscal, the company said in a statement. While its core petrochemical business posted record quarterly pre-tax profits, earnings from the oil refining business dipped on squeeze in margins. However, the surprise package was retail which clocked over 200

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First Published: Apr 27 2018 | 10:33 PM IST

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