RIL Q1 Results: Reliance India Ltd.’s profit increased, Retail and Jio also in profit

by

hear the news

The first quarter results of Mukesh Ambani’s company Reliance Industries Limited have been released. According to the data, the net profit of Reliance Industries has increased by 46.3% to Rs 17,955 crore. The company’s profit in the corresponding quarter last year was Rs 12,273 crore. During this period, the company’s operating revenue grew by 54.5% to Rs 223,113 crore as against Rs 144,372 crore in the same quarter last year. At the same time, the company had recorded a revenue of Rs 211,887 crore in the quarter ended March.

Reliance Retail’s figures are also excellent

The results of Reliance Retail are showing spectacular greenery. Gross revenue in the June quarter was Rs 58,554 crore, showing a growth of 51.9% over the previous quarter. Net profit for the quarter stood at Rs 2,061 crore which was up 114.2% over the previous year.

Reliance Jio net profit up 24 per cent to Rs 4,335 crore in Q1

The net profit of the country’s largest telecom company Reliance Jio Infocomm has reached Rs 4,335 crore in the April-June quarter of the current financial year. This year the company’s profit has increased by 24 percent as compared to last year.

Country’s veteran industrialist Mukesh Ambani-led Reliance Jio’s operating income grew by almost 21.5 per cent to Rs 21,873 crore in the quarter ended June 2022. Jio’s first quarter results have come at a time when telcos are on the threshold of launching 5G services.

The auction of 5G spectrum in the country is to begin on July 26. In this, a total of 72 GHz radio waves worth at least Rs 4.3 lakh crore will be put up for sale.

After the announcement of the first quarter results of Reliance Company, the company’s chief Mukesh Ambani has said that the energy markets around the world have been disrupted by geopolitical conditions. On the other hand, there has been a steady increase in demand and the margins of the products have shown improvement. The company’s O2C business has delivered its best ever performance despite several challenges from the turmoil in the crude oil market as well as rising freight costs.

Expansion

The first quarter results of Mukesh Ambani’s company Reliance Industries Limited have been released. According to the data, the net profit of Reliance Industries has increased by 46.3% to Rs 17,955 crore. The company’s profit in the corresponding quarter last year was Rs 12,273 crore. During this period, the company’s operating revenue grew by 54.5% to Rs 223,113 crore as against Rs 144,372 crore in the same quarter last year. At the same time, the company had recorded a revenue of Rs 211,887 crore in the quarter ended March.

Reliance Retail’s figures are also excellent

The results of Reliance Retail are showing spectacular greenery. Gross revenue in the June quarter was Rs 58,554 crore, showing a growth of 51.9% over the previous quarter. Net profit for the quarter stood at Rs 2,061 crore which was up 114.2% over the previous year.

Reliance Jio net profit up 24 per cent to Rs 4,335 crore in Q1

The net profit of the country’s largest telecom company Reliance Jio Infocomm has reached Rs 4,335 crore in the April-June quarter of the current financial year. This year the company’s profit has increased by 24 percent as compared to last year.

Country’s veteran industrialist Mukesh Ambani-led Reliance Jio’s operating income grew by almost 21.5 per cent to Rs 21,873 crore in the quarter ended June 2022. Jio’s first quarter results have come at a time when telcos are on the threshold of launching 5G services.

The auction of 5G spectrum in the country is to begin on July 26. In this, a total of 72 GHz radio waves worth at least Rs 4.3 lakh crore will be put up for sale.

After the announcement of the first quarter results of Reliance Company, the company’s chief Mukesh Ambani has said that the energy markets around the world have been disrupted by geopolitical conditions. On the other hand, there has been a steady increase in demand and the margins of the products have shown improvement. The company’s O2C business has delivered its best ever performance despite several challenges from the turmoil in the crude oil market as well as rising freight costs.

Source link