Modern Bharat
RelianceQ3 Result: Reliance's net profit decreased by 15 percent in the third quarter
Business

RelianceQ3 Result: Reliance’s net profit decreased by 15 percent in the third quarter


RelianceQ3 Result: Reliance Industries Limited’s net profit declined by 15 percent to Rs 15,792 crore in the third quarter of the current financial year. The company told the stock market on Friday that the net profit in the October-December quarter of 2022-23 stood at Rs 15,792 crore, compared to Rs 18,549 crore in the corresponding quarter of the previous financial year.

The company’s income increased to Rs 2,20,592 crore in the December quarter, compared to Rs 1,91,271 crore in the same quarter of the previous financial year. Reliance says its EBITDA grew 13.5 percent year-on-year to Rs 38,460 crore ($4.6 billion).

Reliance Jio has benefited a lot

Subscribers increased

The company said that Reliance Jio is setting up 5G network and increasing its existing wireless and wireline network capacity. Jio, a subsidiary of Reliance Industries, is mainly engaged in the business of providing digital services. According to the company, its net worth stood at Rs 2,11,281 crore at the end of the December quarter, up from Rs 2,06,644 crore in September and Rs 1,93,616 crore in the year-ago quarter. 

Read this also- India Forex Reserves: Increase in foreign exchange reserves, increased by $ 10.417 billion to reach $ 572 billion



Source link

Related posts

If you accidentally eat expired medicine, then know what will be the result

MB Desk

Another big acquisition of Reliance Retail, Socio will buy 50 percent stake in Hazuri Beverages

MB Desk

Knowing the net worth of Deepika Padukone, the senses will be blown away, charges so much for a film

MB Desk

Infosys Share Buyback: Infosys shares are giving 30 percent earning opportunity in short term, know how

MB Desk

Crypto Prices Today: Shiba Inu and Dogecoin up 4 percent, trading flat in Bitcoin

MB Desk

Fantastic listing of Electronics Mart India IPO, listing shares at 52 percent premium – Know price

MB Desk

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More