RIL's quarterly net profit rose 31 per cent to Rs 13,248 crore

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- Partnerships with Indian start-ups and global technology companies to take digital business to new heights of high growth

(Commercial Representative) Mumbai, Ta. Thursday, July 30


Reliance Industries Ltd, led by Mukesh Ambani, has reported better financial results than expected for the first quarter ended June 30, 2020. On a consolidated basis, the company's net profit rose 20.5 per cent to Rs 12.5 crore from Rs 10,161 crore in the year-ago period. Total income fell by 3.11 per cent to Rs 2.7 crore from Rs 1,3,16 crore.

Reliance Jio Infocomm's net profit for the first quarter ended June 2020 stood at Rs 20 crore, up 12.5 per cent from Rs 21 crore. Which was Rs 21 crore in the March 2020 quarter. Reliance Jio's revenue grew by 4.5 per cent to Rs 12.5 crore from Rs 12.5 crore. Including access revenue, Geo's quarterly revenue rose 2.6 per cent to Rs 1,412 crore from Rs 12.5 crore. Reliance Jio's average revenue per user - average revenue per user (ARPU) has increased by 4.5 per cent to Rs 120.5.

Reliance Jio's total subscriber base has grown to 4.5 crore. Geo has added 3 lakh subscribers this quarter. With this, a total of more than 150 lakh customers have been obtained in the quarter. Data traffic has also increased by 20 per cent to 12.5 exabytes or 160 gigabytes. Total voice traffic grew by 12.5 per cent to 2.4 million minutes in the quarter.

Mukesh D Ambani, Chairman and Managing Director, Reliance Industries, said that Geo was launched with the vision of connecting everyone through the creation of a very strong and secure wireless and digital network and bringing the benefits of digital connectivity to everyone in India. Twelve investors, including the largest technology companies and global investors, have now joined Reliance's universal vision.

Partnerships with Geo Platforms Ltd. with Indian start-ups and globally renowned technology companies will take us to a new phase of high growth for digital business. According to Reliance Industries' quarterly segment, revenue in the petrochemicals business fell to Rs 5,17 crore from Rs 2,611 crore and EBITDA fell to Rs 5 crore from Rs 206 crore. While refining revenue has come down from Rs 1,09,31 crore to Rs 2,8 crore and EBITDA has come down from Rs 4 crore to Rs 5 crore. In the oil and gas segment, revenue fell by Rs 203 crore to Rs 202 crore and EBITDA loss increased from Rs 2 crore to Rs 511 crore.

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