Reliance Industries Q1 Net Rises 6.8%; Consumer Businesses Contribute a Third of Pre-tax Profits

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New Delhi: Reliance Industries on Friday reported a 6.8 per cent rise in consolidated net profit for the first quarter of the current fiscal as a share of consumer businesses of retail and telecom rose sharply.

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.

Consumer businesses, which till last year accounted for a quarter of the company’s pre-tax profit, contributed 32 per cent of EBITDA in Q1, the company said.

Retail business EBITDA crossed Rs 2,000 crore while telecom arm Jio posted a 45.6 per cent jump in profits at Rs 891 crore.