Mumbai: India’s most valuable firm by market capitalization, Reliance Industries (RIL) posted a profit of Rs 6.32 crore per hour in the last quarter ended June, compared to Rs 3.79 crore per hour, a 67% increase in money-making pace. Speed came.
On a daily basis, during the previous quarter, RIL posted a profit of Rs 151.71 crore as compared to a profit of Rs 91 crore in the year-ago period.
By comparison, RIL’s chairman Mukesh Ambani, who controls 42% of RIL, has earned his net worth of $608 million (Rs 4519.6 crore) or an average of $2.86 million (Rs 212.6 crore) or 8.85 per day per day since the beginning of this year. Viewed at Rs. .
Shares of RIL on the BSE closed nearly 1% lower at Rs 2035.40 in a flat Mumbai market on Friday, valuing the company at Rs 12,90,330 crore, taking its chairman Mukesh Ambani’s net worth to $77.3 billion (5.74 billion). ,6250 crores). According to Bloomberg’s Billionaires Index.
Reliance’s profit was reported on a daily revenue of Rs 1745.7 crore, registering a 57.4% growth in hourly revenue of Rs 72.74 crore during the quarter.
RIL’s exports during the quarter stood at Rs 56,156 crore, an average of over Rs 617 per day or Rs 25.71 per hour.
The consumer-facing business of Jio Platforms and Reliance Retail contributed to daily profits of Rs 40.12 crore and Rs 10.57 crore, respectively, accounting for more than half of the daily profits.
On an hourly basis, Jio’s profit stood at Rs 1.67 crore, while Reliance Retail’s profit was Rs 44 lakh.
The company gets Rs 244.69 crore daily from Jio platforms, Rs 423.59 crore daily from retail operations and Rs 1134.2 crore from oil-to-chemicals (O2C) business.
On an hourly basis, revenue from Jio stood at Rs 10.19 crore, retail revenue stood at Rs 17.64 crore, while revenue from O2C business stood at Rs 47.25 crore per hour.
Reliance Jio added 14 million new customers during the June quarter, averaging 1.57 lakh per month or 6547 subscribers per hour.
On an average, customers spent around half an hour talking to Jio’s network every day and consumed more than 500MB of data.
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