Business Companies 24 Apr 2017 Reliance Industries ...

Reliance Industries consolidated net profit rises 12.3 per cent

DECCAN CHRONICLE
Published Apr 24, 2017, 5:46 pm IST
Updated Apr 24, 2017, 5:52 pm IST
Company says robust growth in retail business driven by rise in refining and petrochemicals products prices.
Reliance Industries chairman Mukesh Ambani.
 Reliance Industries chairman Mukesh Ambani.

Mumbai: Energy behemoth Reliance industries has reported a 12.3 per cent rise in its consolidated profit in the fourth quarter ended March 31, 2017.

The Mukesh Ambani-led telecom-to-gas conglomerate said its robust growth in retail business was mostly driven by rise in prices of refining and petrochemicals products.

 

Energy giant said its profit after tax revenue stands at Rs 8,150 crore for the quarter under review as against Rs 7,227 crore, that is a rise of 12.8 per cent on year-over-year basis.

Company's sales stands at Rs 74,598 crore as against Rs 54,189 crore, that is an increase of 37.7 per cent on year-over-year basis, according to ET Now.

RIL also says its Earnings Before Interest, Taxes, Depreciation and Amortization or EBITDA margins were at Rs 12,651 crore as against Rs 12,482 crore, that is an increase of 1.4 per cent on yearly basis. Other income was at Rs 1,371 crore as against  Rs 2,141 crore on year-over-year basis.

 

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