Riding on the back of an all-round
performance by petrochemicals, retails & digital services, RIL has become
the first Indian private firm to cross Rs 10,000 crore quarterly profits. The
oil to telecom giant reported 8.83% year-on-year increase in consolidated
profit of Rs 10,251 crore. Analyst in an ET now poll had pegged the profit at
Rs 9540 crore earlier. The firm has posted a profit of Rs 9,420 crore in the
same quarter last year. Sri Mukesh Ambani, Chairman and MD of RIL, in a release
said, “I am confident that reliance is well positioned for the future
endeavours and for the next cycle of growth”.
The stock settled at Rs 1137.75 down 0.03%
on the BSE on Thursday.