Revenue for the period also increased to ₹2.32 lakh crore, up 11% from the ₹2.08 crore from the same period last year.
Reliance’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) saw growth of 2% year-on-year to ₹38,765 crore. EBITDA margin narrowed by 160 basis points from the year-ago period to 16.7% from 18.3% last year.
The company’s telecom vertical, Reliance Jio Infocomm, reported revenue of ₹26,478 crore during the June quarter, which is a growth of 10% compared to the same quarter last year.
Jio’s net profit also increased by 12% to ₹5,445 crore, while EBITDA margin expanded by 30 basis points to 52.6%.
Average Revenue per User (ARPU) for Reliance Jio was flat at ₹181.7, compared to ₹180.5 last year and ₹181.7 in the March quarter.
Total subscribers for Jio stood at 489.7 million from 448.5 million last year and 481.8 million in the March quarter.
Reliance Retail, which has been one of the key growth drivers for the Reliance Industries over the last few quarters reported revenue of ₹75,630 crore for the April-June period, which is a growth of 8.1% compared to the same period last year.
EBITDA for Reliance Retail increased to ₹5,672 crore from ₹5,151 crore in the same period last year. EBITDA margin also expanded by 10 basis points to 7.5% from 7.4%.
Reliance Industries’ O2C business reported revenue of ₹1.57 lakh crore, which is well above the ₹1.33 lakh crore it reported in the same period last year. EBITDA for the period though, stood at ₹13,093 crore, from the ₹15,271 crore figure it reported in the year-ago period.
For the Oil and Gas business, revenue increased to ₹6,179 crore from the ₹4,632 crore last year, while EBITDA increased to ₹5,210 crore from ₹4,015 crore. Margin stood at 84.3% from 86.7% year-on-year.
Shares of Reliance Industries had ended 1.78% lower on Friday at at ₹3,116.95. The stock had risen 7% in the month preceding its earnings.