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RIL To Post Rs 10,000 crore Quarterly Profit—First Indian Pvt Firm To Do So

Author : Odisha Today Bureau | Posted on: 2019-01-18

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.

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