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The Economic Times

Akash Podishetti

RIL Q1 Results: Revenue up 25% YoY to Rs 3.11 lakh crore, profit beats Street estimates

Reliance Reliance Industries Mukesh Ambani

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday managed to beat Street expectations as its revenue from operations increased 25% year-on-year (YoY) to Rs 3.11 lakh crore in the June quarter as against Rs 2.48 lakh crore a year ago. The profit, however, fell 22% YoY to Rs 20,946 crore due to an exceptional item that came about due to sale of Asian Paints stake in the comparable period last year.

RIL's all business segments reported double-digit growth and EBITDA during the quarter increased by 10% YoY to Rs 54,067 crore.

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