Reliance Industries posted a profit of Rs 12,273 crore in the first quarter

New Delhi. The country’s largest company Reliance Industries Limited (RIL) on Friday announced its first quarter financial results. The company has made a profit of Rs 12,273 crore in the first quarter (April-June) of the financial year 2021-22. However, RIL’s profit is about 7 per cent lower than a year ago. RIL had made a profit of Rs 13,233 crore in the first quarter of June 2020. Similarly, the total revenue during the quarter stood at Rs 1.44 lakh crore, which is 58.2 per cent higher than the same period a year ago.

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RIL Chairman Mukesh Ambani said after the release of the financial results that we are happy about the strong growth of our company. Especially at a time when such a performance has taken place in a challenging environment. Significantly, the second wave of the corona epidemic has occurred during this quarter.

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It is noteworthy that the impact of these results of Reliance Industries will be seen on the stock market on Monday. Because, its shares fell more than half a percent during today’s trading. Earlier, in the March quarter of the last financial year, the company’s result was released on Friday evening itself.

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