Reliance Industries (RIL)'s profit increased 9.79 percent year-on-year basis to Rs 10,362 crore in the March quarter
It is more than the expectations of the analysts, the company's profit was expected to be Rs. 10,000 crores, which made much profit from the company. The company announced its financial results on Thursday after the stock exchanges closed. Good Friday is a holiday in the stock market on Friday. On the opening of the market on Monday, the impact of the results on the shares of the company will be seen.
RIL is the country's largest company in terms of market capitalization (M-CAP). In the March quarter of 2017-18, the company had made a profit of Rs 9,438 crore. In the March quarter, the company's total revenue rose 19.40 percent year-on-year to Rs 1,54,110 crore.
RIL's Reliance Jio, the telecom giant's March quarter profit, grew 64.70 percent year-on-year to Rs 840 crore. In the same period a year ago, the company had made a profit of Rs 510 crore. The average revenue per share of Geo is Rs. 126.2. In ET Now poll, analysts had estimated the average revenue per consumer at Rs 129.
Reliance Industries Chairman and Managing Director Mukesh Ambani said, "During the financial year 2018-19, we achieved many major achievements. We have taken big steps towards making the future of Reliance, Reliance Retail has earned a revenue of Rs 100,000 crore. The number of customers in Geo has reached 30 million. Our petrochem business has shown the biggest jump in earnings. "
Gross refining margins (GRM) in petrochemical business in the March quarter stood at $ 8.2 a barrel. This is more than $ 5 a barrel from the Singapore complex margin. It stood at $ 8.8 a barrel in the December quarter and $ 11 a barrel in the March quarter.
It is more than the expectations of the analysts, the company's profit was expected to be Rs. 10,000 crores, which made much profit from the company. The company announced its financial results on Thursday after the stock exchanges closed. Good Friday is a holiday in the stock market on Friday. On the opening of the market on Monday, the impact of the results on the shares of the company will be seen.
RIL is the country's largest company in terms of market capitalization (M-CAP). In the March quarter of 2017-18, the company had made a profit of Rs 9,438 crore. In the March quarter, the company's total revenue rose 19.40 percent year-on-year to Rs 1,54,110 crore.
RIL's Reliance Jio, the telecom giant's March quarter profit, grew 64.70 percent year-on-year to Rs 840 crore. In the same period a year ago, the company had made a profit of Rs 510 crore. The average revenue per share of Geo is Rs. 126.2. In ET Now poll, analysts had estimated the average revenue per consumer at Rs 129.
Reliance Industries Chairman and Managing Director Mukesh Ambani said, "During the financial year 2018-19, we achieved many major achievements. We have taken big steps towards making the future of Reliance, Reliance Retail has earned a revenue of Rs 100,000 crore. The number of customers in Geo has reached 30 million. Our petrochem business has shown the biggest jump in earnings. "
Gross refining margins (GRM) in petrochemical business in the March quarter stood at $ 8.2 a barrel. This is more than $ 5 a barrel from the Singapore complex margin. It stood at $ 8.8 a barrel in the December quarter and $ 11 a barrel in the March quarter.
Revenue of retail business grew 51.60 percent year-on-year to Rs 36,663 crore. EBIT of this segment increased by 81 per cent to Rs 1,721 crore on year-to-year basis.
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