Jio net profit growth at 44.9%: RIL net profit falls 7.2% in Q1; Covid curbs hit retail business

Reliance Industries Ltd (RIL) has reported a consolidated net profit of Rs 12,273 crore for the quarter ended June 30, 2021, down 7.25 per cent from Rs 13,233 crore posted in the year-ago period.

However, last year’s June quarter profit included an exceptional gain of Rs 4,966 crore. This will mean a 48.4 per cent growth in adjusted profit after tax (PAT) over last year’s Rs 8,267 crore.

RIL’s revenue from operations rose 58.2 per cent to Rs 1,44,372 crore, compared to Rs 91,238 crore in the year-ago quarter.

Jio Platform’s value of services for the quarter was Rs 22,267 crore, higher by 9.8 per cent. Jio’s net profit for the quarter was Rs 3,651 crore, registering growth of 44.9 per cent.