14
Wednesday
November 2018
11:35 PM IST
News Headlines
India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        Govt mulls second round of 2,500 MW medium-term PPA auction        UK says Brexit deal 'almost within touching distance'        Trump criticises Macron again over European defence remarks        Infiltration bid foiled by Army in J&K, two terrorists killed        Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities        Flipkart Group CEO Binny Bansal quits over 'serious personal misconduct' charges        Preparing for Australia tour by watching videos: Shami        India invites Swedish companies to explore investment opportunities        Govt cancels ED officer Rajeshwar Singh's leave        175 dead, over 10,000 affected by Nigeria cholera outbreak        Lankan parties move SC against Parliament dissolution by Prez Sirisena        Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions        PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail        70 per cent turnout in first phase of Chhattisgarh polls: EC        Union Minister Upendra Kushwaha attacks NDA ally Nitish Kumar amid reports of RLSP MLA joining JD(U)        Mining Baron Janardhana Reddy Remanded in Custody Till November 24 for 'Shielding' Ponzi Scam Accused Father-Son        Death toll hits 25 from wildfires at both ends of California        
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | Health   | About Deepika 
Business News
Reliance Industries posts net profit of Rs 9516cr in Q2
 
(Mumbai, Oct 18, 2018): Reliance Industries (RIL) posted a consolidated net profit of Rs 9516 crore in the second quarter of the current fiscal compared to Rs 8109 crore in the corresponding quarter last fiscal, thus registering a year-on-year growth of 17.4 per cent.

Furthermore, the Mukesh Ambani-led conglomerate recorded quarterly consolidated revenue of Rs. 1,56,291 crore in the second quarter compared to Rs. 101,169 crore in the same period last year, thus reporting a hike of 54.5 per cent year-on-year.

The company, in an official statement released on Wednesday, said the increase in revenue was primarily on account of higher price realisations of petrochemical and refinery products, led by a 44.5 per cent increase in Brent crude price. Increased revenues also reflected higher volumes with the commissioning and ramp-up of new petrochemical facilities, it added.

Exports (including deemed exports) from RIL's India operations were higher by 45.5 per cent at Rs. 60,460 crore as against Rs. 41,560 crore in the corresponding period of the previous year due to higher petrochemical product volumes and higher product prices in petrochemical and refining business.

Outstanding debt as on September 30 stood at Rs. 258,701 crore compared to Rs. 218,763 crore as on March 31.

Meanwhile, RIL's telecom arm, Reliance Jio Infocomm Limited, posted standalone revenue from operations of Rs. 9,240 crore in the second quarter, up from Rs. 8,109 crore in the first quarter, thus registering a 13.9 per cent quarter-on-quarter hike. It also posted standalone net profit of Rs. 681 crore in the second quarter.

Furthermore, the company crossed 250 million subscribers within 25 months from commencement of services, and accelerated growth in subscriber base to 252.3 million.


Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Rupee declines 11 paise to close at 73.27 against US dollar
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
Petrol pumps in Delhi on strike demanding VAT cut
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Infosys Q2 net profit grows 10.3% to Rs 4,110 crore
Trillions in US net worth vulnerable to recession: IMF
Will cause third World War if I join politics: Indra Nooyi
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent  
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
UK says Brexit deal 'almost within touching distance'
 London, Nov 13 (AP) Britain and the European Union are "almost within touching distance" of a Brexit
Trump criticises Macron again over European defence remarks
175 dead, over 10,000 affected by Nigeria cholera outbreak
Lankan parties move SC against Parliament dissolution by Prez Sirisena
NATIONAL NEWS
Infiltration bid foiled by Army in J&K, two terrorists killed
 Srinagar, Nov 13 (PTI) Two unidentified terrorists were killed Tuesday when the Army foiled an infil
Delhi's pollution remains 'severe' as light showers further deteriorates air quality: authorities
Delhi pollution: Task forces conducts meetings on WhatsApp for urgent decisions
PM slams Rahul, Sonia for questioning note ban; need no certificate from those on bail
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.