RIL revenue jumps 46.3% in June quarter on greater refining margin

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Reliance Industries Ltd on Friday reported a 46.3 per cent bounce in revenue for the June-quarter, as cheaper Russian crude and robust demand for gasoline boosted refining margin at its dominant oil-to-chemical enterprise.


The Mukesh Ambani-led conglomerate stated consolidated revenue rose to Rs 179.55 billion ($2.25 billion) within the three months ended June 30 in contrast with Rs 122.73 billion a yr earlier.


In FY22, the corporate reported a 47 per cent development year-on-year (Y-o-Y) within the gross income. It was $104.6 billion or Rs 7.92 trillion. For Q4FY22, the consolidated gross income for the corporate stood at Rs 2.32 trillion, 35.1 per cent greater than the identical quarter within the earlier yr.

Additionally Learn: RIL Q1FY23 outcomes: A have a look at the corporate’s efficiency in final 4 quarters


The consolidated income of the corporate always surged in FY22. In Q1FY22, the corporate recorded a Rs 1.58 trillion income, 57.4 per cent greater than Q1FY21. Within the subsequent quarter, Q2FY22, the income surged to Rs 1.91 trillion.


In Q3FY22, the consolidated income was recorded at Rs 2.09 trillion, 52.2 per cent greater than Q3FY21. In Q4FY22, the corporate additionally introduced a dividend of Rs 8 per fairness share.


In the meantime, Reliance Jio, the telecom arm of RIL, additionally reported a standalone web revenue of Rs 4,335 crore in the identical quarter.


Billionaire Mukesh Ambani-led firm clocked income from operations of Rs 21,873 crore within the just-ended quarter, which was 21.5 per cent greater than the year-ago interval, in keeping with a submitting.


On BSE, RIL shares closed at Rs 2,502.90 apiece up 0.62 per cent on Friday. Up to now within the month of July, RIL shares have underperformed the market by declining 4 per cent on the bourses, as in opposition to a 4.5-per cent rally within the BSE’s 30-pack index.

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