Jio’s Boost to Reliance: Rs. 9459 cr first quarter profit
Reliance reported on Friday a profit of Rs. 9459 crores. This was the record net profit for the April-June first quarter. Jio’s boost to Reliance gave it near double earnings from its mainstay petrochemical business. The profit margin has gone up a whopping 18% in the year 2018-19 as compared to the previous year’s profit in the same time period. Rs. 8021 crores were yesteryear’s result. Revenue was up 56.5 percent to Rs 1,41,699 crore. The April-June 2017 profit has been taken after excluding the Rs 1,087 crore exceptional income…
Read More