GET Stock QuotesNews18 APP
News18 English
»
1-min read

Reliance Reports Record Quarterly Net Profit of Rs 9,459 Crore in Q1

Net profit of Rs 9,459 crore, or Rs 16 per share, in the first quarter of 2018-19 fiscal, was up 18 per cent over Rs 8,021 crore, or Rs 13.5 a share, net profit in the same period a year ago, the company said in a statement.

PTI

Updated:July 27, 2018, 6:44 PM IST
facebookTwittergoogleskypewhatsapp
Reliance Reports Record Quarterly Net Profit of Rs 9,459 Crore in Q1
File photo of Mukesh Ambani. (Photo: RIL)
Loading...
New Delhi: Reliance Industries on Friday reported a record Rs 9,459 crore net profit in April-June on the back of near doubling of earnings from mainstay petrochemical business.

Net profit of Rs 9,459 crore, or Rs 16 per share, in the first quarter of 2018-19 fiscal, was up 18 per cent over Rs 8,021 crore, or Rs 13.5 a share, net profit in the same period a year ago, the company said in a statement. Revenue was up 56.5 per cent at Rs 141,699 crore.

The April-June 2017 profit has been taken after excluding Rs 1,087 crore exceptional income from sale of stake in Gulf Africa Petroleum Corp. Reliance said pre-tax profit from petrochemical business was up 94.9 per cent to Rs 7,857 crore on better margins.

Its chairman and managing director Mukesh Ambani said: “Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks.”

While retail business revenues have more than doubled and EBITDA has trebled, telecom arm Jio added a record number of subscribers, he added.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 839.65 8.12
Axis Bank 641.65 3.59
Reliance 1,136.80 0.04
SBI 300.70 2.72
Bajaj Finance 2,596.90 2.56
Company Price Change %Gain
Reliance 1,137.10 0.06
SBI 300.40 2.68
Indiabulls Hsg 839.35 8.11
Axis Bank 639.45 3.18
Alkem Lab 1,862.45 -0.61
Top Gainers
Company Price Change %Gain
Indiabulls Hsg 839.65 8.12
Bajaj Finserv 6,405.45 4.11
Axis Bank 641.65 3.59
Bharti Infratel 263.45 3.48
Asian Paints 1,400.25 3.29
Company Price Change %Gain
Asian Paints 1,400.40 3.39
Axis Bank 639.45 3.18
SBI 300.40 2.68
Maruti Suzuki 7,916.15 2.04
ITC 282.90 1.76
Top Losers
Company Price Change %Gain
HCL Tech 957.15 -2.85
Sun Pharma 423.80 -2.23
Infosys 664.85 -1.74
IndusInd Bank 1,612.65 -1.64
TCS 1,968.45 -0.98
Company Price Change %Gain
Sun Pharma 424.00 -2.10
IndusInd Bank 1,611.95 -1.70
Infosys 665.25 -1.64
TCS 1,967.20 -1.03
Vedanta 206.90 -0.96

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results