Reliance Industries March Quarter Net Profit Rises 10% To Rs 10,362 Crore

Reliance Industries, the oil-to-telecom conglomerate promoted by Mukesh Ambani, on Thursday reported a net profit of Rs 10,362 crore for the quarter ended March 31, 2019. That marked a 9.79 per cent increase from the net profit of Rs 9,438 crore registered by the company for the corresponding period a year ago.

Its revenue from operations after deducting Goods and Services Tax (GST) rose 17.88 per cent to Rs 1.42 lakh crore in January-March quarter compared with Rs 1.20 lakh crore in the same period last year.

For the financial year 2018-19 Reliance Industries net profit stood at Rs 39,588 crore compared with Rs 36,075 crore in financial year 2017-18, up 9.73 per cent.