At 9:50 am, Reliance Industries shares were trading lower by 1.87 percent onthe BSEReliance Industries shares shed almost 2 per cent in a weak market after the country's most valuable business posted its Q4 numbers.
Reliance Industries, post market hours on Saturday, reported that its net earnings increased 108 per cent to Rs 13,227 crore in the quarter ended March 2021 from Rs 6,348 crore during the corresponding duration a year ago.
On a sequential basis, Reliance Industries' earnings increased 1 percent from Rs 13,101 crore.
At 9:50 am, the shares of Reliance Industries were trading at Rs 1957.15, lower by 1.87 per cent, on the BSE.
Reliance Industries' profits from operations increased 11 percent to Rs 1.55 lakh crore.
The oil-to-telecom giant's revenue for the fiscal year can be found in at record Rs 53,739 crore with growth of 34.8 per cent, Reliance Industries said.Meanwhile, Reliance Industries digital arm Reliance Jio's net earnings throughout the quarter advanced 0.5 percent to Rs 3,508 crore and operating profit can be found in at Rs 8,573 crore.
Reliance Jio's average income per user (ARPU) was up to Rs 138.2 per customer monthly as against Rs 151.0 per subscriber monthly in the routing quarter.The BSE Sensex was trading at 48,429.26, lower by 342 points or 0.70 per cent and the NSE Nifty was at 14,545, down 86.45 points or 0.59 per cent at the time.