Consolidated net profit rose 13.64 billion) in the three months to Dec.Profit at Jio surged 62 per cent to 13.Mumbai: Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted another record quarterly profit on Friday, as double-digit growth at its consumer-facing businesses cushioned weakness in its energy divisions.The weak performance at the petrochem and refining unit led to a 2.The company had previously said it would sign a definitive agreement with Aramco by March 2020.Reliance, which runs the world’s biggest oil refining complex, said gross refining margin - the profit earned on each barrel of crude oil processed - was USD 9.57 trillion rupees.
Meanwhile, the proposed purchase of 20 per cent in Reliance’s oil-to-chemicals arm by Saudi Aramco will take a “few months” to be finalized, Joint Chief Financial Officer V Srikanth said at a press briefing, adding Reliance wouldn’t comment on a specific timeframe for the deal to close.Revenue at its retail and telecoms units each jumped more than 25 per cent in the December quarter as the company, headed by Asia’s richest man, Mukesh Ambani, invests heavily to bring them on par with its dominant Foaming barrel screw petrochemicals and refining businesses.40 billion rupees (USD 1.50 billion rupees, led by subscriber additions of 14.32 billion rupees, according to Refinitiv data.2 per barrel, slightly lower than the prior quarter but better than a year earlier.8 million during the reported quarter.5 per cent to 116.“The third-quarter results for our energy business reflect the weak global economic environment and volatility in energy markets,” Ambani, the company’s chairman, said.“We saw consistent same-store sales growth and record footfall across our stores,” Ambani said in a statement, with the remarks coming when growth in Asia’s third-largest economy has slowed to multi-year lows.5 per cent drop in revenue from operations to 1. 31, above the previous quarter’s record and also beating analysts’ average forecast of 114.
The Mumbai-headquartered company has rapidly grown to become India’s largest retailer with over 10,000 stores selling groceries, consumer electronics and apparel, while its telecom unit, Jio, has become the country’s largest wireless operator in about https://www.cjscrewbarrel.com/product/extruder-screw/foam-barrel-screw/ three years since launch.“We are making very good progress, and there is engagement across teams which is very intense,” Srikanth said of the deal, which would be one of the largest ever foreign investments in India..Still, Chief Financial Officer Alok Agarwal said 2020 would be a “better year from a global growth point of view”, which should help boost margins in the refining and petrochemicals units
Meanwhile, the proposed purchase of 20 per cent in Reliance’s oil-to-chemicals arm by Saudi Aramco will take a “few months” to be finalized, Joint Chief Financial Officer V Srikanth said at a press briefing, adding Reliance wouldn’t comment on a specific timeframe for the deal to close.Revenue at its retail and telecoms units each jumped more than 25 per cent in the December quarter as the company, headed by Asia’s richest man, Mukesh Ambani, invests heavily to bring them on par with its dominant Foaming barrel screw petrochemicals and refining businesses.40 billion rupees (USD 1.50 billion rupees, led by subscriber additions of 14.32 billion rupees, according to Refinitiv data.2 per barrel, slightly lower than the prior quarter but better than a year earlier.8 million during the reported quarter.5 per cent to 116.“The third-quarter results for our energy business reflect the weak global economic environment and volatility in energy markets,” Ambani, the company’s chairman, said.“We saw consistent same-store sales growth and record footfall across our stores,” Ambani said in a statement, with the remarks coming when growth in Asia’s third-largest economy has slowed to multi-year lows.5 per cent drop in revenue from operations to 1. 31, above the previous quarter’s record and also beating analysts’ average forecast of 114.
The Mumbai-headquartered company has rapidly grown to become India’s largest retailer with over 10,000 stores selling groceries, consumer electronics and apparel, while its telecom unit, Jio, has become the country’s largest wireless operator in about https://www.cjscrewbarrel.com/product/extruder-screw/foam-barrel-screw/ three years since launch.“We are making very good progress, and there is engagement across teams which is very intense,” Srikanth said of the deal, which would be one of the largest ever foreign investments in India..Still, Chief Financial Officer Alok Agarwal said 2020 would be a “better year from a global growth point of view”, which should help boost margins in the refining and petrochemicals units
