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News Details

Reliance Inds. Q1 net profit down 11.87% at Rs 8595.00 cr

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25/07/2021 22:00
The company reported standalone net profit of Rs 8,595.00 crore for the quarter ended June 30, 2021 as compared to Rs 9753.00 crore in the same period last year, registering a year-on-year decline of 11.87 per cent.

Net revenue of the company rose substantially by 90.83 per cent at Rs 90,570.00 crore in April-June quarter of this fiscal as against Rs 47,461.00 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 96.14 per cent to Rs 79,110.00 crore from Rs 40,333.00 crore in year ago period.

Other Income dipped by 14.79 per cent at Rs 3,588.00 crore versus (Jun'20 Rs 4,211.00 crore).

Operating Profit surged by 60.77 per cent to Rs 11,460.00 crore as against Rs 7,128.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.78 per cent in June quarter.

Interest declined by 50.82 per cent y-o-y to Rs 2,351.00 crore, while Taxation increased by 268.04 per cent at Rs 1,593.00 crore (Jun'20 Rs -948.00 crore).