Reliance Industries (RIL) reported a net profit of Rs 11,262 crore in the second quarter of the current financial year, an increase of 18.34 per cent over the same period last year. In the second quarter of the last financial year 2018-19, the consolidated net profit of Reliance Industries was Rs 9,516 crore.
This information was given by the company in a regulatory filing. RIL's total income was Rs 1,55,763 crore in the quarter under review, which is 5.76 percent higher than the company's total income of Rs 1,47,268 crore in the year-ago period.
The company said in a statement that the pre-tax profit of Reliance Jio increased by 21 per cent to Rs 3,222 crore in July-September.
18 Percent Increase in Profits
The company said that its cash profit increased by 18 percent to Rs 18,305 crore. In relation to the financial results, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said that the company had a record net profit in the quarter. The best results reflect the benefits of our consolidated value chain from oil to chemicals (O-2-C) and rapid growth in our consumer business.
He said that due to increase in the value of petrochemicals, due to favorable margins in fuel, the company's profit from oil to chemicals business in the quarter under review.
