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RIL consolidated Q4 PAT at Rs 6,348 cr; announces Rs 53,125 cr rights issue

Revenue from operations stood at Rs 139,283 crore, down 2.30 per cent from Rs 142,565 crore in the year-ago period.

RIL Chairman Mukesh Ambani
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RIL Chairman Mukesh Ambani

SI Reporter New Delhi
Reliance Industries on Thursday posted a 38.7 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 6,348 crore for the quarter ended March 2020. It had posted profit of Rs 10,362 crore in the year-ago period.

The company said that oil prices have declined 73 per cent, thus impacting the inventory valuation. This has led to Rs 4,245 crore, net of tax (tax Rs 899 crore) exceptional loss for the quarter.

Revenue from operations stood at Rs 139,283 crore, down 2.30 per cent from Rs 142,565 crore in the year-ago period while value of sales

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First Published: Apr 30 2020 | 6:47 PM IST

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