RIL's Q4 net increases over 2X to near Rs 15k crore : vimars

RIL's Q4 net increases over 2X to near Rs 15k crore


RIL’s Q4 net increases over 2X to near Rs 15k crore
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RIL’s Q4 net increases over 2X to near Rs 15k crore
TNN / May 1, 2021, 05:27 IST
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MUMBAI: Fourth quarter profit of Reliance Industries (RIL), India’s largest company in terms of market value, more than doubled after growing 129% to Rs 14,995 crore, benefiting from higher price realisations in its digital services (Jio) and retail businesses. Profit also included a one-time gain of Rs 797 crore, which it made from the sale of US shale assets. RIL had posted a one-time loss of Rs 4,267 crore in Q4FY20. Revenue edged up 11% to Rs 1.5 lakh crore, it said on Friday.

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