Image: Amit Dave / Reuters
Oil-to-telecom conglomerate, Reliance Industries reported a net profit of Rs 9,459 crore for the March quarter, up 17 percent compared to the same quarter of the previous year.
Consolidated quarterly revenues stood at Rs 1.17 lakh crore, up 17 percent quarter on quarter. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 5 percent to Rs 18,469 crore, and the operating margin was 15.8 percent.
Gross refining margin stood at USD 11 per barrel, well within the range expected by most analysts.
Reliance Jio reported a profit of Rs 510 crore against Rs 504 crore in the December quarter. The average revenue per user (ARPU) was Rs 137.10, compared with Rs 154. Revenues rose 3.6 percent to Rs 7,128 crore against Rs 6,879 crore during the December quarter. Operating profit was up 2.5 percent at Rs 2,694 crore against Rs 2,628 crore during the December quarter.
On a segmental basis, the EBIT for petrochemical business was Rs 6,435 crore against Rs 5,753 crore posted during the previous quarter. The petchem margin was 16.9 percent against 17.1 percent during the December quarter.
(Disclaimer: Reliance Industries Ltd is the owner of Network 18, publisher of Forbes India)