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Reliance's profit up by 46.3%: Profit reached 17,955 crore in first quarter, excellent performance from petrochemical to retail

Reliance's profit up by 46.3%: Profit reached 17,955 crore in first quarter, excellent performance from petrochemical to retail

Reliance Industries declared the results of the first quarter (Q1) on 30 June 2022 on Friday. In this quarter, the company's net profit increased from 46.3% to Rs 17,955 crore from year to year. It was Rs 12,273 crore in the same quarter of last year. Revenue increased by 54.54% to Rs 2,23,113 lakh crore from the operation, which was Rs 1,44,372 crore in the same quarter last year. The June quarter performance in the June quarter of the company came from refinning refining and petrochemical divisions, which has its own in Tight Global Energy Market Recorded the most quarterly revenue ever. The operating performance of Reliance's Oil to Chemical (O2C) segment was strong. Due to this, the operating profit rose by 62.6% to Rs 19,888 crore. Despite the challenges, Mukesh Ambani, chairman of the brilliant performance, said that the geopolitical crisis has affected the energy market. Despite all the challenges in this sector, we have performed the best ever. He said that he is happy with the progress of RIL's consumer platform. Strong supply chain infrastructure has managed to maintain competition in this sector. The number of customers has also increased on the digital platform. RIL chairman said the company's New Energy Business is partnered with technology leaders in the energy business solar, energy storage solutions and hydrogen eco-system. He said, 'This partnership will help us to realize the vision of clean, green and affordable energy solution for all Indians.' Jio's profit 24.1% increase of increase by 24.1% increase of telecom arm Jio platforms of Jio platforms of 24.1% on an annual basis of 24.1% on a annual basis of 24.1% It increased to Rs 4,530 crore. Net sales rose 23.6% to Rs 27,527 crore on an annual basis. The user (ARPU) on Reliance's average revenue has increased by 27% on an annual basis. This has increased to Rs 175.70 per month. This is a growth of 4.8% on a quarterly basis. Revenue in the O2C segment increased by 56.7% increase in the O2C (O2C) segment, the revenue increased by 56.7% to Rs 1,61,715 crore. Mainly the increase in prices of crude oil and product has increased so much revenue for the first time. At the same time, the revenue of the Reliance Oil and Gas segment increased from 183.0% to Rs 3,625 crore from year to year. The segment Ebitda jumped to 2,737 crores. The operating profit increased by 243.4% to Rs 2,737 crore. In the case of Reliance Retail's profit 114.2% increase, net profit increased year-on-year to 114.2% to Rs 2,061 crore. Revenue increased by 53.7% to 51,582 crores from the operation. Ebita increased from 97.8% to Rs 3,837 crore from year to year. Consumers returned to the store after the Covid epidemic decreased, due to which the footfall in this quarter was 17.50 crores which is 19% more than the pre-level level than Kovid. . RIL said that this was the first quarter since the onset of Kovid in which no operating disorder occurred. Copyright © 2022-23 DB corp ltd., All rights reservedthis website follows the DNPA Code of Ethics.

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July 22nd 2022, 4:30 pm
Amitesh Kumar
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