RIL Q1 net profit rises 18% to Rs 94.59 billion on robust petchem show

The company's revenue for the quarter under review surged 54.3 per cent to Rs 1.29 trillion from Rs 835 billion

Mukesh Ambani-led Reliance Industries (RIL) posted a 17.9 per cent year-on-year growth in its June 2018 quarter (Q1) net profit (excluding exceptional items) on the back of robust performance of its petrochemicals (petchem) operations as well as strong show in the retail and telecom businesses.

For the April-June 2018 quarter, RIL posted a net profit of Rs 94.59 billion compared to Rs 91.08 billion reported in the year-ago quarter, which is a rise of 3.9 per cent. 

However, the year-ago period included an exceptional gain of Rs 10.87 billion. Adjusted for this, the net profit in year-ago quarter would work out to