Reliance Industries Ltd reports 31% year-on-year rise in net profit during Q1
The company had posted a net profit of Rs 10,104 crore in the corresponding quarter last year
Reliance Industries Limited on Thursday reported a 31 percent rise in consolidated net profit (Rs 13,248 crore) for the quarter that ended on 30 June, 2020.
In the corresponding quarter last year, the company had posted a net profit of Rs 10,104 crore.
Consolidated revenue from operations for the quarter stood at Rs 88,253 crore compared to Rs 1,56,976 crore year-on-year.
The results came after close of the market hours. Shares of Reliance Industries Ltd settled at Rs 2,108.65 apiece, up 0.61 percent on the BSE.
Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
India VIX settled at 17.61 levels. Pharma, healthcare and IT fell over 1 percent. Oil & gas was the biggest gainer
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India VIX gained 1.47 per cent to 19.59 levels. In terms of sectoral indices, metal was the biggest gainer and IT was the biggest drag. BSE Midcap and Smallcap indices closed on a flat note as well