Fri, Jan 18, 2019
Reliance Industries posted its Q3FY19 result in late evening of Thursday and under this the company’s consolidated net profit jumped 8.8% to Rs 10,251 crore compared to a net profit of Rs 9,420 crore a year ago same period.
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Thu, Jan 17, 2019
The Reliance Industries' telecom arm Reliance Jio witnessed a net profit of Rs 831 crore in December 2018 (Q3FY19) quarter, which was an increase of massive 65% compared to net profit of Rs 504 crore in Q3FY18.
Reliance Industries recorded a consolidated net profit of Rs 10,251 crore in December 2018 (Q3FY19) quarter, which was higher by 8.8% compared to net profit of Rs 9,420 crore a year ago same period.
RJio's net profit stood at Rs 831 crore in Q3FY19, which was surprisingly higher by a massive 65% compared to net profit of Rs 504 crore in Q3FY18.
On consolidated basis, RIL recorded revenue of Rs 10,251 crore - growing by % year-on-year (YoY) and % quarter-on-quarter (QoQ) basis respectively. While net profit came in at Rs crore - increasing by % yoy and % qoq.
What would be interesting to watch is RIL's telecom arm Reliance Jio's performance in the quarter and Mukesh Ambani's quote and the outlook ahead.
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