Reliance Industries Q1 net rises 6.8%; consumer businesses contribute a third of pre-tax profits

Reliance Industries on Friday reported a 6.8 per cent rise in consolidated net profit for the first quarter of the current fiscal as share of consumer businesses of retail and telecom rose sharply.

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.

Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed 32 per cent of EDITDA in Q1, the company said.

Retail business EBITDA crossed Rs 2,000 crore while telecom arm Jio posted a 45.6 per cent jump in profits at Rs 891 crore. 

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