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Reliance Industries Q1 net rises 6.8%; consumer businesses contribute a third of pre-tax profits

Reliance Industries on Friday reported a 6.8 per cent rise in consolidated net profit for the first quarter of the current fiscal as share of consumer businesses of retail and telecom rose sharply.

PTI PTI
New Delhi Published on: July 19, 2019 18:54 IST
Representative Image

Representative Image

Reliance Industries on Friday reported a 6.8 per cent rise in consolidated net profit for the first quarter of the current fiscal as share of consumer businesses of retail and telecom rose sharply.

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.

Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed 32 per cent of EDITDA in Q1, the company said.

Retail business EBITDA crossed Rs 2,000 crore while telecom arm Jio posted a 45.6 per cent jump in profits at Rs 891 crore. 

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