Oct 25, 2021By: Rounak Jain
Reported a bumper surge in earnings, with net profit at ₹13,680 crore in the September quarter. Profit grew by 43 percent in the quarter compared to the same period a year ago. Revenue up by 49 percent at ₹1,91,532 crore.
The boost in RIL’s earnings was driven by the surge in crude oil prices as well as Reliance Retail and Jio Infocomm, the company’s digital arm, showing that it is firing on all cylinders.
Reported a 30 percent surge in net profit to ₹5,511 crore in the September quarter. Its net non-performing asset ratio stood at 0.99 percent, the lowest since December 31, 2014.
Reported a 59 percent jump in net profit to ₹125 crore in the September quarter, while revenue surged 38 percent to ₹595 crore, year-on-year.
Tech Mahindra, Indus Towers, Coforge, CEAT, HDFC AMC, ICRA, Orient Cement, SRF, Colgate Palmolive, among others.
Reported a muted rise in net profit of 4.2 percent to ₹268 crore, year-on-year, while revenue surged 9 percent to ₹3,033 crore in the same period.
A whistleblower has flagged off related party transactions that allegedly benefited the company’s promoters at the cost of its shareholders.
Its board will meet on October 28 to consider raising funds worth ₹2,000 crore via non-convertible debentures.
Verdict in the ongoing Zee-Invesco case is expected to be given on October 26.