RIL’s telecom arm Reliance Jio reported a Q3 FY21 net profit of Rs 3,489 crore Reliance Jio net profit rises to Rs 3,489 crore in Q3; ARPU jumps to Rs 151
Mumbai: RIL’s telecom arm Reliance Jio reported a Q3 FY21 consolidated net profit of Rs 3,489 crore, a 15.5 per cent quarter-on-quarter increase, in the December quarter. In the corresponding quarter of the previous financial year, Jio s profit was 1,350 crore. In the September quarter of the financial year 2021, the profit was 2,844 crore.
The company reported average revenue per user (ARPU) of Rs 151 for the December quarter against Rs 145 reported for the September quarter.
Reliance Industries Ltd Q3FY21 consolidated net profit jumps to Rs. 13101 crore
Posted On:
RELIANCE INDUSTRIES LTD. has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: At a time when the Indian economy is poised for a confident recovery, we at Reliance are humbled that we have been able to contribute to it with our Company’s impressive performance in the third quarter of FY21. We have delivered strong operational results during the quarter with a robust revival in O2C and Retail segments, and a steady growth in our Digital Services business. I am proud that Reliance has employed 50,000 more people since March 2020.
URL copied
Consolidated net profit in October-December stood at Rs 13,101 crore.
Billionaire Mukesh Ambani s Reliance Industries Ltd on Friday reported a better-than-expected 12 per cent rise in December quarter net profit on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio.
Consolidated net profit in October-December stood at Rs 13,101 crore, compared to Rs 11,640 crore net earning in the same period a year back, the company said in a statement.
While oil-to-chemical or O2C business improved quarter-on-quarter, it was lower than year-ago earnings but this was more than made good by a spurt in consumer-facing businesses of telecom and retail which now contribute to 51 per cent of earnings as compared to 37 per cent a year back.
Updated Jan 22, 2021 | 20:11 IST
RIL shares closed 2.37% lower at Rs 2,049.60 apiece on the NSE. Shares of the company have rallied 5.79% in the last one week. Representational image
New Delhi: Reliance Industries Ltd on Friday announced results for Q3. The oil to telecom major reported strong sequential rebound across all the businesses. Reliance posted highest ever consolidated quarterly with net profit at Rs 15,015 crore, up 24.9%. Consolidated quarterly EBITDA went up 12.0% QoQ to a record Rs 26,094 crore.
RIL reported strong 38.2% sequential jump in quarterly EPS to Rs 20.5 per share. Digital Services report recorded high profits with Q3 FY21 EBITDA at Rs 8,942 crore, up 48.4% YoY. Robust recovery seen in Retail performance as EBITDA touched record high of Rs 3,102 crore, up 52.9% QoQ.
Reliance Retail Q3 profit surges 88% to Rs 1,830 crore; generates 50,000 new jobs
Reliance Retail Q3 results: The company supported job creation in the economy during the coronavirus crisis and generated over 50,000 new jobs during April-December 2020 in consumer businesses and last mile delivery
Chitranjan Kumar | January 22, 2021 | Updated 21:52 IST
Reliance Retail reported 88.1 per cent quarter-on-quarter growth in consolidated net profit at Rs 1,830 crore in Q3 FY21
Reliance Retail, the retail arm of Mukesh Ambani-led Reliance Industries Limited (RIL), has delivered a record profit in an operating environment that continued to remain challenging with sporadic COVID related restrictions and local issues. The retail major reported 88.1 per cent quarter-on-quarter growth in consolidated net profit at Rs 1,830 crore for third quarter ended December 31, 2020. The company added over 50,000 new jobs during April-December period.