Reliance Q2 net profit falls 15%; Jio's bottomline jumps 185% | Editorji
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Reliance Q2 net profit falls 15%; Jio's bottomline jumps 185%

Oct 31, 2020 10:17 IST

Reliance Industries September quarter net profit dropped 15% year-on-year to ₹9,567 crore. It, however, rose 14% quarter-on-quarter.

RIL’s telecom arm Reliance Jio posted 185% y-o-y jump in net profit at ₹2,844 crore. Jio's revenue increased 33% y-o-y to ₹17,481 crore.

Reliance Retail's revenue increased 29.7% q-o-q to ₹36,566 crore, and stayed at the same level as last year.

Revenue from the refining and marketing segment increased by 33.3% sequentially to ₹62,154 crore primarily due to higher crude oil prices.