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| Name | Reliance Industries Q1 revenue up, but profit down - Here's why | Reliance Industries results | RIL |
| Video Uploader | Video From Upstox |
| Upload Date | This Video Uploaded At 19-07-2024 16:10:39 |
| Video Discription | In this detailed earnings analysis, we discuss the financial performance of Reliance Industries Limited (RIL) for the June quarter. Despite a significant increase in revenue, RIL experienced a decline in net profit. Let’s dive into the key highlights and understand the factors behind these financial results. **Key Points Covered:** **Revenue Growth:** RIL reported a consolidated revenue of ₹2,57,823 crore for Q1, marking an 11% year-on-year increase. This growth showcases the company’s robust performance across its diverse business segments. **Net Profit Decline:** However, the consolidated net profit for Q1 stood at ₹17,448 crore, reflecting a 4% year-on-year decline. According to reports, this dip in profit is primarily due to lower margins on fuel sales, which impacted the overall profitability of the company. **JIO Platforms Ltd.:** Jio Platforms Limited, a subsidiary of Reliance Industries, showed impressive results. The revenue for Q1 was ₹34,548 crore, up 13% year-on-year. JPL’s net profit reached a record high of ₹5,698 crore, increasing by 12% year-on-year. Jio has also become the largest operator globally in terms of data traffic, highlighting its strong market position and growth potential. Don’t miss out on the full analysis to get a comprehensive understanding of Reliance Industries’ financial performance. For more updates on earnings reports and detailed financial insights, make sure to subscribe to our channel and hit the notification bell. #RelianceIndustries #RILEarnings #Q1Results #RevenueGrowth #ProfitDecline #JioPlatforms #FinancialAnalysis #QuarterlyReport #BusinessNews #StockMarketUpdates |
| Category | News & Politics |
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