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Reliance reports 7% drop in Q1 net profit

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New Delhi, July 23

Reliance Industries Ltd on Friday reported a 7% drop in its June quarter net profit as retail business got hit by the second wave of Covid.

It reported a net profit of Rs 12,273 crore in April-June quarter as compared to Rs 13,233 crore a year earlier, it said. Revenue rose to Rs 1,44,372 crore from Rs 91,238 crore.

Jio profit up 45% in Apr-June

Jio on Friday reported a 44.9% jump in its net profit to Rs 3,651 crore for the quarter ended June 30. Revenue increased 9.8% to Rs 18,952 crore during the quarter from Rs 17,254 crore a year ago. Its total customer base stood at 44 crore at the end of June. — PTI

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