Mumbai: Mukesh Ambani's Reliance Industries announced its results on October 30. With the help of telecom and retail business, the company has been able to deliver good results. RIL's consolidated profit for the September quarter stood at Rs 9,567 crore. The company had an adjusted profit of Rs 8,380 crore in the June quarter.
The company had posted a net profit of Rs 13,248 crore in June. It also included other revenue of Rs 4,966 crore. The company received the money from the sale of its stake in Reliance-BP Mobility to BP.
The company had revenue of Rs 1,16,195 crore in the September quarter. The company had a revenue of Rs 1,53,384 in the same quarter a year ago. That is, the company's revenue has declined by 24 per cent this time compared to the same quarter last year.
On the other hand, Geo's consolidated profit for the September quarter stood at Rs 2,844 crore. Geo has a revenue of Rs 17,481 crore.
Shares of Reliance Industries have risen 35 per cent so far this year. Shares of Reliance Industries are up 131 per cent compared to the March 23 low.
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