Reliance Industries’ second quarter net profit up 43 percent to Rs 13,680 crore


Reliance Industries Net Profit: Reliance Industries Limited (RIL) said on Friday that its net profit grew 43 per cent in the July-September quarter of the current financial year due to the good performance of all businesses. The company told the stock exchange that its net profit in the second quarter of the current financial year increased to Rs 13,680 crore as compared to Rs 9,567 crore a year ago.

RIL said that income increased to Rs 1,78,328 crore in the September quarter from Rs 1,20,444 crore in the same period a year ago.

On the other hand, Jio Platforms’ consolidated net profit jumped 23.5 per cent year-on-year to Rs 3,728 crore and income by 15.2 per cent to Rs 23,222 crore in the second quarter of FY 2021-22.

RIL’s Jio Platforms unit includes telecom company Jio and App. Earlier, in the same quarter of the financial year 2020-21, the company had a net profit of Rs 3,019 crore.

The company’s gross income grew nearly seven percent to Rs 23,222 crore in the quarter ended September 2021 from Rs 21,708 crore in the same quarter a year ago. With adjustment for ‘interconnect’ usage charges, Jio Platforms’ gross income grew 15.2 per cent year-on-year to Rs 23,222 crore in the second quarter of the current fiscal.

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