Skip to main content

RIL posts record quarterly profit in Q2; key figures in nutshell

(Disclaimer : Taxmitr India does not own this content. This content contains extracts from this article of Financial Express )
Key figures in a nutshell 
Revenue increased by 4.8 % to Rs 163,854 crore ($ 23.1 billion)
PBDIT increased by 15.5% to Rs 25,820 crore ($ 3.6 billion)
Profit Before Tax increased by 14.1% to Rs15,055 crore ($ 2.1 billion)
Cash Profit increased by 18.0% to Rs 18,305 crore ($ 2.6 billion)
Net Profit increased by 18.3% to Rs11,262 crore ($ 1.6 billion)
Meanwhile, shares of Mukesh Ambani-led Reliance Industries touched a fresh record today, propelling the firm’s market capitalisation to hit the crucial Rs 9 lakh crore mark. The rally in shares came ahead of the Q2 results. Reliance Industries shares jumped by more than 2 per cent to hit the day’s high at Rs 1,428. Reliance Industries market capitalisation has swollen to Rs 9.03 lakh crore, making it India’s most valuable firm by market capitalisation. IT giant TCS comes at a distant second with its market capitalisation at Rs 7.67 lakh crore. 

Click here to read complete article on Financial express
Download our app and stay updated on latest news from GST/Income Tax and Financial Areas. Download

Comments

Post a Comment

Popular posts from this blog

A quick study of GST E-Invoicing system

What is E-Invoicing?         Electronic Invoicing or E-Invoicing in short can be referred to as a system of electronic authentication of B2B(Business to Business) invoices by GSTN for further use on common GST portal.    Under the said system every invoice will be issued an identification number by IRP (Invoice Registration Portal) which will be managed by GSTN.    All invoice related information will be transferred from this portal to both GST portal and e-way bill portal in real-time thus eliminating the need of manual data entry as well as generation of part A of the e-way bills , as information will be directly passed by the IRP to GST portal. What are the benefits of E-invoicing system?    It will help in reducing the mismatch errors in data reconciliation thus saving a lot of time. E-invoicing will allow interoperability as invoices generated through one software can now be read through other software as wel...
Post a Comment
Read more

Quick Reference flow chart for Sec 194Q of TDS effective from July 1st , 2021

Post a Comment
Read more

Finance Minister Sitharaman launches 'eBkray' auction platform for assets attached by banks

Join our telegram group. Join Download our app and stay updated on latest news from GST/Income Tax and Financial Areas.   Download Finance Minister Nirmala Sitharaman today launched eBkray( https://ibapi.in/ ) , an e-auction platform to enable online auction of attached assets by banks. The platform provides navigational links to all PSB e-auction sites, property search feature and presents single-window access to information on all properties that are available for e-auction, comparison of similar properties, and also contains videos and photographs of uploaded properties. Screen shot of the website Indian Banks Auctions Mortgaged Properties Information (IBAPI) portal is an initiative of Indian Banks Association (IBA) under the policy of the Department of Financial Services (DFS), Ministry of Finance, to provide details of mortgaged properties to be auctioned online by banks, starting with PSBs. Sitharaman, while launching the platform, said, "There ...
Post a Comment
Read more