INSUBCONTINENT EXCLUSIVE:
On the NSE, shares in RIL touched an intraday low of Rs
per barrel from $8.8 per barrel
On the NSE, shares in RIL touched an intraday low of Rs
1,345.05.Reliance Industries, led by billionaire Mukesh Ambani, on Thursday reported a record net profit of Rs
10,362 crore for January-March, 2019, beating expectations of analysts helped by strong growth in its retail and telecom business.RIL's
profit rose 9.79 per cent from Rs
9,438 crore registered in the corresponding period a year ago
Analysts polled on an average expected the Mumbai-based company to post a profit of Rs
9,920 crore, news agency Reuters reported citing Refinitiv data.Its revenue from operations after deducting Goods and Services Tax (GST)
rose 17.88 per cent to Rs
1.42 lakh crore in January-March quarter compared with Rs
1.20 lakh crore in the same period last year.Reliance Jio Infocomm, the telecom arm of Reliance Industries, reported net profit of Rs
840 crore in March quarter, up 65 per cent year-on-year (Y-o-Y) from Rs
Its operating revenue came in at Rs
11,106 crore, Reliance Industries said.Jio's average revenue per user (ARPU), a key matrix for telecom companies, came in at Rs
126.2 per subscriber per month.As of 2:45 pm, Reliance Industries shares traded 2.3 per cent lower at Rs 1,351.15 underperforming the Sensex
which was down 1.12 per cent.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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