1. You Are At:
  2. English News
  3. Business
  4. Reliance Industries June quarter net profit drops 7% to Rs 12,273 crore as Covid hits retail business

Reliance Industries June quarter net profit drops 7% to Rs 12,273 crore as Covid hits retail business

Consolidated net profit of Rs 12,273 crore in April-June compared with Rs 13,233 crore a year, the company said in stock exchange filing.

India TV Business Desk India TV Business Desk
New Delhi Updated on: July 23, 2021 20:17 IST
Reliance Industries Ltd reports drop in its June quarter
Image Source : FILE PHOTO

Reliance Industries Ltd reports drop in its June quarter net profit. (Representational image)

Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections.

Consolidated net profit of Rs 12,273 crore in April-June compared with Rs 13,233 crore a year, the company said in stock exchange filing.

Revenue from operations rose to Rs 144,372 crore from Rs 91,238 crore.

While oil-to-chemical (O2C) business rebounded, retail business took a hit from the second wave of the pandemic.

ALSO READZomato shares list at 53 per cent premium, market capitalisation beyond Rs 1 lakh crore

ALSO READ | RBI working on phased introduction of digital currency, mulls pilot projects

 

Latest Business News

Write a comment