Reliance Industries Sheds Over 2% Post March Quarter Results

Reliance Industries shares shed practically 2 per cent in a weak market after the nation’s most beneficial firm posted its This autumn numbers. Reliance Industries, put up market hours on Saturday, reported that its internet revenue rose 108 per cent to Rs 13,227 crore within the quarter ended March 2021 from Rs 6,348 crore in the course of the corresponding interval a 12 months in the past. On a sequential foundation, Reliance Industries’ revenue rose 1 per cent from Rs 13,101 crore. At 9:50 am, the shares of Reliance Industries had been buying and selling at Rs 1957.15,  decrease by 1.87 per cent, on the BSE. 

Reliance Industries’ revenues from operations rose 11 per cent to Rs 1.55 lakh crore. The oil-to-telecom large’s revenue for the monetary 12 months got here in at report Rs 53,739 crore with development of 34.8 per cent, Reliance Industries mentioned.

Meanwhile, Reliance Industries digital arm Reliance Jio’s internet revenue in the course of the quarter superior 0.5 per cent to Rs 3,508 crore and working revenue got here in at Rs 8,573 crore. Reliance Jio’s common income per consumer (ARPU) fell to Rs 138.2 per subscriber monthly as towards Rs 151.0 per subscriber monthly within the trailing quarter.

The BSE Sensex was buying and selling at 48,429.26, decrease by 342 factors or 0.70 per cent and the NSE Nifty was at 14,545, down 86.45 factors or 0.59 per cent on the time.