Reliance Industries (RIL) reports lower quarterly profit for the June quarter, though revenue and operating metrics rise year-on-year. In the quarter ended June 30, RIL’s revenue from operations grows by 25% year-on-year to Rs 3.11 lakh crore, up from Rs 2.48 lakh crore in the same period last year. Quarterly EBITDA increases 10% to Rs 54,067 crore compared with the prior-year quarter. However, net profit attributable to owners falls 22% versus the year-ago quarter, reaching Rs 20,946 crore, according to a stock exchange filing. The decline is described in the reporting as being linked to the fact that the year-ago quarter included a gain from Asian Paints, which is not present in the current period. Overall, the company’s results show stronger top-line performance and higher EBITDA, while profit is lower due to a weaker year-on-year comparison.
RIL quarterly profit declines 22% despite higher revenue in June quarter
Reliance Industries (RIL) reports lower quarterly profit for the June quarter, though revenue and operating metrics rise year-on-year. In the quarter ended June 30, RIL’s revenue from operations grows...
- RIL’s revenue from operations rises 25% year-on-year to Rs 3.11 lakh crore in the June quarter.
- RIL’s quarterly EBITDA increases 10% year-on-year to Rs 54,067 crore.
- Net profit attributable to owners falls 22% to Rs 20,946 crore in the quarter ended June 30.
- The year-ago quarter profit comparison includes a gain from Asian Paints, which is not present in the current quarter.
- Results are based on figures reported in RIL’s stock exchange filings for the June quarter.
Net profit attributable to owners of the company stood at $20,946 crore for the quarter ended June 30 compared to ₹26,994 crore a year earlier, according to a stock exchange filing
4 hours agoRIL results: Revenue from operations rose 25% year-on-year to Rs 3.11 lakh crore in the June quarter, compared with Rs 2.48 lakh crore in the same quarter last year. Quarterly EBITDA increased 10% from a year earlier to Rs 54,067 crore.
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