Reliance net profit jumps 46% in Q1
The Hindu
New Delhi Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 46% jump in n
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 46% jump in net profit for the three months ended June on the back of bumper earnings from oil and telecom businesses.
The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to ₹17,955 crore during April-June period — the first quarter of 2022-23 fiscal year — from ₹12,273 crore in the year-ago period, it said a stock exchange filing.
The latest quarter earnings, however, could not better the record net profit of ₹18,549 crore reported by the company in the three months ended December 2021.
Reliance Jio Infocomm on Friday reported a nearly 24% rise in its June quarter net profit to ₹4,335 crore as tariff hike boosted revenues. The company clocked revenue from operations of ₹21,873 crore in the just-ended quarter, which was 21.5% higher than the year-ago period, according to a filing.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.