19 Jan 2020 | 7:35 PM

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COMPANYNEWS
Reliance Inds. Q2 net profit up 9.52% at Rs 9702.00 cr
  Reliance Industries Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-22-2019
The company reported standalone net profit of Rs 9702.00 crore for the quarter ended September 30 2019 as compared to Rs 8859.00 crore in the same period last year registering a year-on-year growth of 9.52 per cent.


Net revenue of the company declined moderately by 9.39 per cent at Rs 87137.00 crore in July-September quarter of this fiscal as against Rs 96167.00 crore in the corresponding period last year.


During July-September quarter operating expenses dropped by 9.60 per cent to Rs 73471.00 crore from Rs 81275.00 crore in year ago period.


Other Income grew by 80.37 per cent at Rs 3629.00 crore versus (Sep`18 Rs 2012.00 crore).


Operating Profit slipped by 8.23 per cent to Rs 13666.00 crore as against Rs 14892.00 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 1.23 per cent in September quarter.


Interest grew by 12.66 per cent y-o-y to Rs 2723.00 crore while Taxation decreased by 11.45 per cent at Rs 2553.00 crore (Sep`18 Rs 2883.00 crore).