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RIL Q4 profit up by 9.8 %, stands at 10,362 crores

Reliance Industries reported a 9.8 per cent growth in the fourth quarter and reported a profit of Rs 10,362 crore. The revenue saw an increase of 19.4 per cent to Rs 1.54 lakh crore.

According to the company, the robust revenue performance to strong growth in its retail and digital services businesses is responsible.

Mukesh Ambani, Chairman and Managing Director, Reliance Industries said, “During FY 2018-19, we achieved several milestones and made significant strides in building Reliance of the future. Reliance Retail crossed Rs 100,000 crore revenue milestone, Jio now serves over 300 million consumers and our petrochemicals business delivered its highest ever earnings.”

Quarterly EBITDA was at Rs 20,832 crore, up 12.7 per cent YoY, while the operating margin stood at 15.02 per cent. The company said higher petrochemical volumes also contributed to growth in revenue, the company said.

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