RIL Q4 profit up 9.8% y-o-y at Rs 10,362 cr, Jio FY19 net at Rs 2,964 cr

The Mukesh Ambani-promoted Reliance Jio recorded net profits of Rs 2,964 in FY19, compared with Rs 723 crore in FY18

Reliance Industries on Thursday reported a record net profit of Rs 10,362 crore in the March quarter as robust revenue from retail and telecom businesses offset weaknesses in the core oil refining and petrochemical segment.

Its net profit in January-March, at Rs 10,362 crore, or Rs 17.5 a share, was 9.8 per cent higher than Rs 9,438 crore, or 15.9 per share, in the same quarter a year earlier, the company said in a statement.
 

RIL's revenue rose 19.4 per cent during the year to Rs 154,110 crore.

The Mukesh Ambani-promoted Reliance Jio Infocomm posted a net profit jump