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

-


- 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.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more