New Delhi: Reliance Industries Ltd on Friday reported a 7% drop in its June quarter net profit as retail business got hit by the second wave of Covid.
It reported a net profit of Rs 12,273 crore in April-June quarter as compared to Rs 13,233 crore a year earlier, it said. Revenue rose to Rs 1,44,372 crore from Rs 91,238 crore.
Jio profit up 45% in Apr-June
Jio on Friday reported a 44.9% jump in its net profit to Rs 3,651 crore for the quarter ended June 30. Revenue increased 9.8% to Rs 18,952 crore during the quarter from Rs 17,254 crore a year ago. Its total customer base stood at 44 crore at the end of June.