Reliance's Net Profit Grows 7.4%, Jio and Retail Perform Strongly
Reliance Industries Limited reported a 7.4% increase in net profit, reaching ₹18,540 crore for the December quarter. This compares to ₹17,265 crore in the same quarter of the previous financial year. The company’s revenue from operations rose to ₹2.43 lakh crore, surpassing last year's ₹2.27 lakh crore. Reliance Industries Chairman Mukesh Ambani highlighted the significant contribution of the O2C (Oil-to-Chemical) business and the 25th anniversary of the Jamnagar refinery.
Reliance Jio's Net Profit Up 24%
India’s largest telecom company, Reliance Jio, posted a net profit of ₹6,477 crore for the October-December 2024 quarter, marking a 24% increase. This is up from ₹5,208 crore in the same period last year. Jio's revenue stood at ₹29,307 crore, a 15.5% increase from ₹25,368 crore in the previous year.
Reliance Retail’s Revenue Increases by 8.7%
Reliance Retail Ventures Limited reported gross revenue of ₹90,333 crore for the December quarter, reflecting an 8.7% growth. The company's net profit rose by 10% to ₹3,458 crore. Revenue from operations amounted to ₹79,595 crore. Digital and new commerce channels contributed 18% to the total revenue, with EBITDA standing at ₹6,828 crore.
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