 "RIL Chairman Mukesh Ambani")
Reliance Industries (RIL) on Friday posted highest-ever quarterly net profit of Rs 11,640 crore on consolidated basis, up 13.5 per cent year-on-year (YoY) for the quarter ended December 31, 2019. Revenue; however, decreased by 1.4 per cent YoY to Rs 168,858 crore.
Decrease in revenue is primarily on account of 10.6 per cent decline in O2C business revenues, with lower product price realization and 6.6 per cent fall in Brent crude price, the company said in its press release.
The fall in revenue was partially offset by continuing growth momentum in consumer businesses. Digital Services
Decrease in revenue is primarily on account of 10.6 per cent decline in O2C business revenues, with lower product price realization and 6.6 per cent fall in Brent crude price, the company said in its press release.
The fall in revenue was partially offset by continuing growth momentum in consumer businesses. Digital Services
