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Reliance Industries profit drops on exceptional loss due to covid-19

city Mumbai covid-19 2020 pandemic
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Reliance Industries today reported a consolidated profit of ₹6,348 crore during January-March quarter 2020, registering a decline of 45.5% quarter-on-quarter and 38.7% year on year MUMBAI : Reliance Industries, the country's largest listed company by market capitalisation, today reported a consolidated profit of ₹6,348 crore during January-March quarter 2020, registering a decline of 45.5% quarter-on-quarter and 38.7% year on year The company said earnings were impacted by an exceptional loss of ₹4,267 crore due to fall in oil prices and demand destruction post covid-19.

The consolidated profit in the previous quarter was ₹11,640 crore and in the corresponding quarter last year, it was ₹10,362 crore.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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