Mumbai: 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 percent 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.
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This information is given in a regulatory filing by the company. 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 has said in a statement that the pre-tax profit of Reliance Jio has increased by 21 percent to Rs 3,222 crore in July-September. The company said that its cash profit has increased by 18 percent to Rs 18,305 crore.
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Regarding the financial results, Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has said that the company recorded a record net profit in the quarter. He said that the spectacular 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 the company has been profitable in the business from oil to chemicals in the quarter under review due to favorable margins in fuel and an increase in the value of petrochemicals.
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