Reliance Industries has reported 25% increase in net profit YoY at Rs.9,423 crore, in the quarter ended December 31,2017. Last year, in the corresponding quarter it had reported a net profit of Rs.7,533 crore.
Revenue for the quarter ended December was up 30.50% YoY to Rs.1,09,905 crore, against Rs.84,189 crore in the same quarter year ago. The increase in revenue is basically due to, volume increase with the start-up of petrochemicals projects and increase in prices in refining and petrochemical businesses.
Operating profit before other income and depreciation increased by 52% to Rs.17,588 crore, from Rs.11,574 crore in the corresponding period last year.
Further, RIL’s outstanding debt came at Rs.2,13,206 crore for the December end, as compared to Rs.1,96,601 crore at March end.