RIL Q4FY18 results: Net profit at Rs 94.35 bn; Jio's net at Rs 5.10 bn

On a sequential basis, the company's net profit rise was only 0.1 per cent, RIL said in a statement

Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a 17.3 per cent increase in net profit to Rs 94.35 billion for the quarter ending March 31. 

Its revenue stood at Rs 1,291.2 billion, an increase of 39 per cent compared to Rs 928.89 billion in the corresponding period of the previous year. Higher interest and depreciation charges with the commissioning of projects across businesses, however, resulted in relatively lower growth in profit after tax (PAT). 

Reliance Jio Infocom reported its second quarterly net profit at Rs 5.1 billion, marginally up from the preceding quarter ended December when the telecommunications subsidiary showed a