RIL Q4 profit leapfrogs to Rs13,227 crore

New Delhi, April 30

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported consolidated net profit of Rs 13,227 crore for the quarter ended March 31, 2021 (Q4FY21), up 108% from Rs 6,348 crore logged in the corresponding quarter last year (Q4FY20).

The company’s revenue from operations rose 11% to Rs 1.54 lakh crore as compared to Rs 1.39 lakh crore in the year-ago period.

“We have registered robust recovery in oil-to-chemical (O2C) and retail segment, and resilient growth in digital services business. Sustained high utilisation rates across sites and improvement in downstream product deltas and transportation fuel margins aided O2C earnings growth,” said Mukesh Ambani, chairman of Reliance Industries.

Jio profit zooms 47.5%

Jio Platforms on Friday posted a net profit of Rs 3,508 crore for the fourth quarter ended March 2021, a 47.5% jump over the year-ago period. Its revenue from operations came in at Rs 18,278 crore, up 19% compared to the corresponding period previous year. — PTI