Net profit increased to ₹10,104 crore during the quarter ended 30 June from ₹9,459 crore in the year-ago period, RIL said on Friday. During the quarter, RIL’s revenue rose 22.1% from ₹ 1.41 trillion in the year-ago period to ₹1.72 trillion in the first quarter of fiscal 2019-20. Revenue from the refining and marketing segment was also up 6.4% during the quarter, while the segment’s operating profit declined 15.2%. Revenue from the petrochemicals segment dropped 6.6% to ₹37,611 crore, against ₹40,287 crore during the first quarter of last fiscal. Reliance Retail saw 47.5% increase in revenue to ₹38,196 crore from ₹25,890 crore a year earlier.

Source: Mint July 19, 2019 17:48 UTC