Reliance Industries' Q1FY18 net profit rises by 28% to Rs 9080 crore

21 Juillet, 2017, 01:58 | Author: Marc Bacque
  • Reliance Industries reports net profit of Rs 9,079 crore in June quarter Mukesh Ambani says Jio has revolutionised telecom sector

On quarterly basis, in the fourth quarter of the last fiscal the company had reported a net profit of Rs 8053 crore. The company reported a net profit of Rs 9,080 crore, a rise of 28% as against Rs 7077 crore during the same period a year ago. Its net interest margin grew to 3.54% in Q1 from 2.8% in the year ago period.

On the asset quality side, the bank reported net non-performing assets of 0.81 percent, an increase from its previous quarter figure of 0.64 percent.

The company's total sales for Q2CY17 came in at Rs 503.74 crore, which represents a 1.7 percent sequential decline and 12.37 percent YoY increase.

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