INSUBCONTINENT EXCLUSIVE:
Reliance Industries Share Price: At 11:11 am, the shares were trading at Rs 2,658, up 1.2 per centReliance Industries shares gained more
than 1 per cent on Friday morning in a strong market ahead of its Q2 results scheduled later in the day
The company had reported net profit of Rs 12,273 crore in the previous quarter ended June 30, 2021, marking a decline of 7.25 per cent from
the same quarter last year on the back of increase in total expenses
At 11:11 am, Reliance Industries shares were trading at Rs 2658, up 1.2 per cent, on the BSE.Reliance Industries' total expenses in the June
quarter had jumped 50 per cent annually to Rs 1.31 lakh crore and revenue from operations advanced 58 per cent to Rs 1.44 lakh
crore.Reliance Retail's net profit more than doubled to Rs 962 crore and EBITDA came in at Rs 1,941 crore in the June quarter
And Reliance Jio's net profit jumped 45 per cent annually to Rs 3,651 crore in the June quarter on the back of a nearly 10 per cent increase
in revenues.The BSE Sensex and NSE Nifty are trading higher by 0.7 per cent at the time, having snapped a 3-day losing run.
