RIL Q1 results: Net profit rises 46% to Rs 17,955 cr; revenue up 54%

Billionaire Mukesh Ambani-led oil-to-chemicals-to-telecom conglomerate Reliance Industries Limited (RIL) on Friday posted a consolidated profit after tax (PAT) at Rs 17,955 crore, up 46.3 per cent in the quarter ended 30 June, 2022 following strong performance across its energy, telecom and retail verticals. The company had posted a net profit of Rs 12,273 crore in the year-ago period.

Sequentially, the company’s profit increased 11 per cent in June quarter from Rs 16,203 crore in the previous March quarter.

RIL’s revenue from operations has come in at Rs 223,113 crore from Rs 144,372 crore, an increase of 54.5 per cent year-on-year.

Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said, “

Shares of Reliance Industries on Friday closed 0.62 per cent higher at Rs 2502.90 apiece on BSE.