(File photo)
NEW DELHI: Reliance Industries Limited (RIL) on Friday reported a 12.6 per cent rise in its consolidated net profit for the third quarter (Q3) ended December 2020 mainly on account of improving oil-to-chemical business.
The company posted a net profit of Rs 13,101 crore in Q3 as against a profit of Rs 11,640 crore posted in the same period last year.
In terms of quarter-on-quarter (q-o-q) growth, RIL reported a 37 per cent jump in its net profit in the period under consideration as compared to Rs 9,567 crore recorded in the previous quarter.
Revenue from operations of the company was lower at Rs 128,450 crore in Q3 of the current fiscal, as against Rs 157,165 crore a year back.
Reliance Jio posted 15.5 per cent growth in net profit to Rs 3,489 crore in December-end quarter on a sequential basis. While the company saw 5.3 per cent quarter-on-quarter growth in revenue, net customer additions remained subdued for second consecutive quarter partly impacted by farmer agitations in Punjab. In the third quarter, Jio Platforms reported operating revenue of Rs 19,475 crore, compared to Rs 18,496 crore in the September quarter. Earnings before interest, tax, depreciation, and amortisation (Ebitda) rose 6.4 per cent to Rs 8,483 crore. Margins grew by 46 basis points to 43.6 per cent. Jio Plaforms said it achieved a milestone this quarter with annualised operating revenue run-rate of $10 billion.
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The net profit before exceptional item for RIL the quarter was Rs 15,015 crore higher by 41.6 per cent Q-o-Q.
RIL consolidated revenue increases by 7.4 pc in Q3 results ANI | Updated: Jan 22, 2021 21:25 IST
Mumbai (Maharashtra) [India], January 22 (ANI): Reliance Industries Limited (RIL) on Friday released results for the third quarter of the financial year 2020-21 in which it said that the consolidated revenue for the quarter was Rs 1,37,829 crore, which was 7.4 per cent higher than the July-September quarter of FY21.
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for RIL before exceptional item for the quarter was Rs 26,094 crore, higher by 12 per cent Q-o-Q.
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