The oil-to-telecom giant reported a 58.2 per cent growth in its consolidated revenues to Rs 1.44 lakh crore, which was slightly below Street’s estimates.
RIL’s consolidated earnings before interest, tax, depreciation and amortization for the quarter was up 27.6 per cent year-on-year at Rs 27,550 crore, a record quarterly performance.
“I am happy that our company has delivered robust growth despite facing a highly challenging operating environment caused by the second wave of the Covid pandemic. The results clearly demonstrate the resilience of Reliance’s diversified portfolio of businesses that cater to large parts of the consumption basket,” said chairman and managing director Mukesh Ambani in an earnings filing to the bourses.
While the year-on-year performance of the company was firm, the sequential performance suffered due to the second wave of Covid-19 infections in the country.
’s consolidated revenues slumped 7 per cent on-quarter, while its net profit also fell 7 per cent.
…More to come
