Reliance Industries, the country’s largest private sector enterprises, has reported a highest ever consolidated net profit of Rs 9,435 crore in March quarter, 17.3 per cent higher than Rs 8,046 crore posted in the year ago period.
“On the standalone basis, the Mukesh Ambani-led company posted net profit of Rs 8,697.00 crore for the quarter ended March 31, 2018 as compared to Rs 8151.00 crore in the same period last year, registering a year-on-year growth of 6.70 per cent,” RIL said in a filing to the Bombay Stock Exchange.
Net revenue of the company rose substantially by 25.16 per cent at Rs 84,037.00 crore in January-March quarter of this fiscal as against Rs 67,146.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 26.40 per cent to Rs 70,612.00 crore from Rs 55,866.00 crore in year ago period.
Other Income grew by 91.17 per cent at Rs 2,621.00 crore versus (Mar'17 Rs 1,371.00 crore).
Operating Profit surged by 19.02 per cent to Rs 13,425.00 crore as against Rs 11,280.00 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.88 per cent in March quarter.