The nation’s most dear firm – Reliance Industries – on Friday reported that its internet revenue rose 108 per cent to Rs 13,227 crore in quarter ended March 2021 from Rs 6,348 crore throughout the corresponding interval a 12 months in the past. On a sequential foundation, Reliance Industries revenue rose 1 per cent from Rs 13,101 crore. Its income from operations rose 11 per cent to Rs 1.55 lakh crore. The oil-to-telecom large’s revenue for the monetary 12 months got here in at report Rs 53,739 crore with development of 34.Eight per cent, Reliance Industries mentioned in a press launch. (Also Read: Reliance Jio Profit Jumps 47% To Rs 3,508 Crore In March Quarter )
Reliance Industries EBITDA or working revenue for the 12 months was Rs 97,580 crore down 4.6 per cent. Reliance Industries digital arm Reliance Jio’s internet revenue throughout the quarter superior 0.5 per cent to Rs 3,508 crore and working revenue got here in at Rs 8,573 crore. Reliance Jio’s common income per person (ARPU) fell to Rs 138.2 per subscriber per 30 days as towards Rs 151.Zero per subscriber per 30 days within the trailing quarter. During the quarter Reliance Jio added 1.54 crore new prospects.
Its retail arm – Reliance Retail’s internet revenue for March quarter jumped 23 per cent to Rs 2,247 crore. The firm had 12,711 operational bodily shops and opened 826 shops throughout the quarter, Reliance Industries mentioned in a press launch.
“Grocery hit its all-time high revenues with a strong double-digit growth Q-o-Q, as it continued to serve the needs of customers across the country, particularly for essentials post the emergence of the COVID situation,” Reliance Industries added.
Reliance Industries oil-to-chemicals enterprise noticed its income decline by 29 per cent on account of decrease volumes and worth realization throughout key merchandise. Sharp demand contraction within the first half of the 12 months impacted development for the 12 months. The product worth realization was decrease according to decline in common crude and feedstock costs, Reliance Industries mentioned.
“These are extraordinarily challenging times for India. Our immediate priority is to help our country and community tide over the COVID crisis. We have deployed our best resources in strengthening the nation’s fight against the pandemic. Our facilities in Jamnagar are producing lifesaving medical grade oxygen, which is the crucial need of the hour in many states. We have also taken urgent steps to bolster the nation’s capacity to swiftly transport medical oxygen. These efforts complement our other initiatives such as distributing free meals to the needy, supplying PPEs to frontline workers and setting up world class COVID-care facilities. To me, these contributions are far more satisfying than our Company’s strong, overall operational and financial performance for the year,” Mukesh Ambani, Chairman and Managing Director, Reliance Industries mentioned in an announcement.
Reliance Industries shares ended 1.42 per cent decrease at Rs 1,994 forward of its earnings announcement.