NEW DELHI: Reliance Industries on Thursday reported a 31 per cent jump in its consolidated net profit for the first quarter (Q1) ended June 2020. While, its digital arm Jio posted a 182.8 per cent jump in it net profit for the period under consideration.
RIL posted a profit of Rs 13,233 crore in Q1 as against a profit of Rs 10,104 crore posted in the same period later year, the company said in a regulatory filing.
In terms of quarter-on-quarter growth, RIL posted a 108 per cent rise in net profit as compared to Rs 6,348 crore recorded for the fourth quarter ended June 30, 2020.
The company said it recognised exceptional gain of Rs 4,966 crore from stake sale.
Meanwhile, Reliance Jio posted a three-fold jump in its net profit at Rs 2,520 crore in Q1 as against a profit of Rs 891 crore in the same period last fiscal.
Jio Platforms has raised Rs 1,52,056 crore to bolster Jio’s initiatives towards delivering breakthrough technologies and building world’s leading digital services platform, the company said in a regulatory filing.
Shares of Reliance Industries finished 12.80 points higher at Rs 2,108 on the BSE. While, it settled 5.25 points up at Rs 2,102 on the NSE.