New Delhi: Industrialist Mukesh Ambani’s Reliance Industries has introduced its quarterly outcomes. The quarterly outcomes revealed that the nation’s Most worthy firm Reliance Industries Restricted has registered a 5 % decline in its internet revenue for the April-June quarter. Within the info given to the inventory alternate, the corporate has stated that the consolidated internet revenue fell to Rs 15,138 crore this yr, from Rs 16,011 crore in the identical quarter final yr. It was instructed that the decline in refining margin and rising depreciation prices had been the principle causes for the decline in income.

Jio’s revenue elevated by 12 %
However, Reliance Jio’s telecom department’s revenue has elevated by 12 %. Reliance Jio Infocomm has revealed that it has earned a internet revenue of Rs 5,445 crore in a standalone method within the first quarter. The telecom subsidiary of Reliance Industries recorded income from operations at Rs 26,478 crore, up 10 per cent from Rs 24,042 crore recorded by the corporate in the identical interval final fiscal, it stated in a regulatory submitting.