SUMMARY
Reliance Industries Ltd (RIL) on Friday reported a 19 percent jump in its March quarter net profit to Rs 19,299 crore, according to a company's stock exchange filing. Net profit of Rs 19,299 crore in January-March 2023 compares to Rs 16,203 crore earning a year back. This is the company's highest-ever quarterly net profit.
Reliance Industries Ltd (RIL) on April 21 reported a 19 percent jump in its March quarter net profit to Rs 19,299 crore, according to the company's stock exchange filing. The net profit of Rs 19,299 crore in January-March 2023 compares to Rs 16,203 crore earning a year back. This is the company's highest-ever quarterly net profit. Its revenue from operations rose to Rs 2.16 lakh crore from Rs 2.11 lakh crore in January-March 2022. For the full 2022-23 fiscal (April 2022 to March 2023), Reliance reported a net profit of Rs 66,702 crore on a revenue of Rs 9 lakh crore.
Reliance Industries’ oil to chemicals (O2C) business saw a dip in revenue for the January to March 2023 quarter to Rs 128,633 crore, a dip of over 11 percent compared to corresponding quarter last year, according to an earnings statement released by the firm on April 21. The decline in revenue for Q4 comes with moderation of crude prices in the fourth quarter of FY23, the conglomerate said.
For the year ended March 31, 2023, Reliance's net profit rose about 23 percent to Rs 18,207 crore from Rs 14,817 crore in 2021-22. The annual revenue from operations grew by about 18 per cent to Rs 90,786 crore in the last fiscal compared to Rs 76,977 crore in 2021-22.
Reliance Jio Q4 net profit rises 13 percent to Rs 4,716 crore: The country's biggest telecom operator Reliance Jio on Friday reported a 13 percent increase in net profit to Rs 4,716 crore for the fourth quarter ended March 2023, the company said in a regulatory filing. Reliance Jio posted a net profit of Rs 4,173 crore in the year-ago period. Its revenue from operations in the reported quarter increased by about 12 percent to Rs 23,394 crore from Rs 20,945 crore in the March 2022 quarter.
Its revenue from operations in the reported quarter increased by about 12 percent to Rs 23,394 crore from Rs 20,945 crore in the March 2022 quarter. For the year ended March 31, 2023, the company's net profit rose about 23 percent to Rs 18,207 crore from Rs 14,817 crore in 2021-22. The annual revenue from operations grew by about 18 percent to Rs 90,786 crore in the last fiscal compared to Rs 76,977 crore in 2021-22.
Reliance Jio Q4 net profit rises 13 percent to Rs 4,716 crore: The country's biggest telecom operator Reliance Jio reported a 13 percent increase in net profit to Rs 4,716 crore for the fourth quarter ended March 2023. Reliance Jio posted a net profit of Rs 4,173 crore in the year-ago period.
Reliance Jio announced financial results for the fourth quarter of the last fiscal on Friday, April 21. The telco's profit during the period went up 1.7 percent sequentially to Rs 4,716 crore almost inline with the estimates. Reliance Jio's revenue for the three months stood at Rs 23,394 crore, rising 1.7 percent from the previous quarter. This was Reliance Jio's fifth consecutive quarter of revenue growth. As per a release by the company the growth was aided by full impact of tariff hike, ramp-up of wireline services and continued subscriber addition for mobility services.
Reliance Industries’ oil to chemicals (O2C) business saw a dip in revenue for the January to March 2023 quarter to Rs 128,633 crore, a dip of over 11 percent compared to corresponding quarter last year, according to an earnings statement released by the firm on April 21. The decline in revenue for Q4 comes with moderation of crude prices in the fourth quarter of FY23, the conglomerate said. For the full financial year 2022-2023, on the other hand, witnessed a revenue jump of 19 percent YoY to Rs 594,649 crore with higher crude prices and average Brent prices up 19 percent YoY, the company noted.