Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 12.5 pc rise in consolidated net profit to Rs 13,101 crore for the quarter ended December 2020. The net profit was Rs 11,640 crore during the same period a year ago and Rs 9,567 crore in September (2020) quarter.
The company said it had recorded the highest ever quarterly consolidated profit before exceptional items at Rs 15,015 crore and EBITDA at Rs 26,094 crore. Consolidated revenue from operations fell 22 pc to Rs 1.23 lakh crore as against Rs 1.57 lakh crore in the year-ago period.
"The outbreak of coronavirus (COVID-19) pandemic globally and in India is causing significant disturbance and slowdown of economic activity. The Group's operations and revenue during the period were impacted due to COVID-19," Reliance said.
"Outstanding debt as on 31 December 2020 was Rs 2,57,413 crore (USD 35.2 billion). Cash and cash equivalents as on 31 December 2020 were at Rs 220,524 crore (USD 30.2 billion)," Reliance added.
"At a time when the Indian economy is poised for a confident recovery, we at Reliance are humbled that we have been able to contribute to it with our Company's impressive performance in the third quarter of FY21," said Chairman and Managing Director Mukesh Ambani, adding, "We have delivered strong operational results during the quarter with a robust revival in O2C and Retail segments, and a steady growth in our Digital Services business."
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