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BUSINESS / ECONOMY

RIL Q1 consolidated net profit up 6.8% to Rs 10,104 cr

New Delhi, July 19 (IANS) Reliance Industries Ltd (RIL) on Friday reported 6.8 per cent increase in its consolidated net profit for the quarter ended June 30 of financial year 2019-20, on a year-on-year (YoY) basis.

Accordingly, the company’s consolidated net profit (attributed to the owners of the company) during the first quarter of FY 2019-20 rose to Rs 10,104 crore, against Rs 9,459 crore reported during the corresponding period of the previous fiscal.

Besides, the company reported consolidated revenue of Rs 172,956 crore during the quarter under review, up 22.1 per cent from Rs 141,699 crore on a YoY basis.

On a standalone basis, the RIL reported a rise of 2.4 per cent on a YoY basis to Rs 9,036 crore from Rs 8,820 crore reported during the corresponding period of the previous fiscal.

–IANS

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