Home Business Reliance Q3 Results: Net Profit Zooms 41.5% To Rs 18,549 Cr, Revenue Grows To Rs 1.91 Lakh Cr

Reliance Q3 Results: Net Profit Zooms 41.5% To Rs 18,549 Cr, Revenue Grows To Rs 1.91 Lakh Cr

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New Delhi: Mukesh Ambani-led Reliance Industries on Friday posted a consolidated internet revenue of Rs 18,549 crore for the quarter ended 31 December, 2021 (Q3FY22) in contrast with Rs 13,101 crore a yr again, the corporate stated in a inventory trade submitting.

In line with reviews, it is a 41.5 per cent leap in its third quarter internet revenue in comparison with identical quarter of the earlier yr. 

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The telecom main’s revenue from operations additionally rose 54 per cent to Rs 1.91 lakh crore from Rs 1.28 lakh crore in the identical interval final yr.

“I’m completely satisfied to announce that Reliance has posted best-ever quarterly efficiency in 3Q FY22 with sturdy contribution from all our companies. Each our shopper companies, Retail and Digital providers have recorded highest ever revenues and EBITDA. Throughout this quarter, we continued to concentrate on strategic investments and partnerships throughout our companies to drive future progress,” Mukesh Ambani, Chairman and Managing Director, Reliance Industries stated.

The oil-retail-telecom conglomerate additionally reported an EBITDA (earnings earlier than curiosity, tax, depreciation and amortisation) at Rs 33,886 crore through the reporting quarter, increased by 30%.

Moreover, firm’s telecom arm Reliance Jio’s internet revenue rose 10 per cent year-on-year to Rs 3,615 crore for the December quarter. It was Rs 3,291 crore within the final yr interval.

Reliance Industrial Infrastructure Ltd (RIIL) reported an increase of two.2 per cent in its standalone internet revenue for the third quarter.

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In the meantime, Reliance Retail, firm’s retail arm, reported 52 per cent leap in consolidated gross income to Rs 57,714 crore for the reporting quarter.

Responding to the figures, Elelweiss Wealth Analysis stated that Reliance outcomes are higher than estimates. “Nevertheless till Retail challenge resolved ( Future – Amazon dispute) inventory will stay vary certain. In any other case, all companies are doing extraordinarily nicely e.g. International Refinery cycle has revived, Telecom business is exhibiting constant enchancment in ARPU and Retail scaling up nicely,” stated the brokerage agency in notice to its shoppers.

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