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Reliance Industries make a profit of 6%

Mukesh Ambani-led Reliance Industries Ltd (RIL)’s net profits rose by 6.80 per cent to Rs 10,104 crore in the first quarter of the current financial year. The company said its rapid growth in retail consumer and telecommun.

Mukesh Ambani-led Reliance Industries Ltd (RIL)’s net profits rose by 6.80 per cent to Rs 10,104 crore in the first quarter of the current financial year. The company said its rapid growth in retail consumer and telecommunication business has increased its quarterly profits. The company said that its unified revenue increased to record Rs 1,72,956 crore during this period. He said that the share of tax profits from its consumer business has increased from 25 percent to 32 percent. Retail business crossed the Rs 2,000 crore tax on ‘Reliance Retail’, while telecom major Reliance Jio increased by 45.60 percent to Rs 891 crore.

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