News > Reliance net profit jumps 46% in Q1

Reliance net profit jumps 46% in Q1

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 46% jump in net profit for the three months ended June on the back of bumper earnings from oil and telecom businesses.

The oil-to-retail-to-telecom conglomerate's consolidated net profit rose to ₹17,955 crore during April-June period — the first quarter of 2022-23 fiscal year — from ₹12,273 crore in the year-ago period, it said a stock exchange filing.