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    HomeNewsBusinessMoneycontrol ResearchRIL Q1: Strong showing across businesses

    RIL Q1: Strong showing across businesses

    Traction in new age businesses such as retail, media, digital and renewables presents RIL significant scale and scope in times to come

    Nitin Agrawal
    Nitin Sharma
    Bharat Gianani
    Anubhav Sahu
    July 24, 2022 / 19:26 IST
    Reliance Industries: Reliance Industries clocks 41% YoY growth in Q1 profit with best ever quarterly revenue for Reliance Retail, Jio Platforms. The billionaire Mukesh Ambani-owned company reported robust operating and financial performance across all businesses for the quarter ended June 2022, with highest ever quarterly revenue for O2C (oil-to-chemical) business in a volatile environment, and best ever quarterly revenue for Reliance Retail, and Jio Platforms. The company clocked a 41% year-on-year growth in consolidated profit after tax at Rs 19,443 crore in Q1FY23, and gross revenue grew by 53% to Rs 2,42,982 crore for the quarter YoY, while EBITDA for the quarter at Rs 40,179 crore was higher by 45.8%. Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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    Disclosure & Disclaimer

    This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More