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Reliance Industries posts 17.26% YoY increase in profit

Reliance Industries (RIL) has posted 17.26% YoY rise in  consolidated profit at Rs.9,435 crore, for the March quarter.

Last year, in the same quarter it had reported profit of Rs.8,046 crore. Consolidated sales for the quarter rose 29.34% YoY to Rs.1.2 lakh crore, as against Rs.92,889 crore in the same period year ago.

For FY18, RIL reported consolidated revenue of Rs.4,30,731 crore, up 30.5% over Rs.3,30,180 crore in FY17. Profit after tax rose 20.6% to Rs.36,075 crore from Rs.29,901 crore in the previous year. Further, its board has also recommended a dividend of Rs.6 per share.

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