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Reliance's net profit rises 30%; Jio posts 182% jump in bottomline

Jul 31, 2020 11:17 IST

Reliance Industries' consolidated net profit increased 102.4% sequentially and 30.6% year-on-year to ₹13,248 crore in the June quarter. Although, RIL's consolidated revenue for the quarter fell to ₹1.01 lakh crore from ₹1.74 lakh crore last year. Its EBITDA came in at ₹16,875 crore against ₹21,782 crore in previous quarter while margin rose sharply to 19.1% from 16% in the March quarter. Reliance Jio reported a 182.8% rise in y-o-y net profit to ₹2,520 crore for the quarter ended in June. Jio's average revenue per user or ARPU growth of 7.4% quarter-on-quarter at ₹140.3 per subscriber per month.

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