Reliance’s net profit jumps 46 per cent in Q1

The oil-to-retail-to-telecom conglomerate’s consolidated net profit rose to ₹17,955 crore during April-June period — the first quarter of 2022-23 fiscal year — from ₹12,273 crore in the year-ago period, it said a stock exchange filing.

Reliance Industries chairman Mukesh Ambani.(MINT_PRINT)

Published on Jul 22, 2022 08:10 PM IST

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Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 46 per cent jump in net profit for the three months ended June on the back of bumper earnings from oil and telecom businesses.The oil-to-retail-to-telecom conglomerate’s consolidated net profit rose to ₹17,955 crore during April-June period — the first quarter of 2022-23 fiscal year — from ₹12,273 crore in the year-ago period, it said a stock exchange filing.The latest quarter earnings, however, could not better the record net profit of ₹18,549 crore reported by the company in the three months ended December 2021.

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