Reliance Industries Q4 profit falls 9% with revenue up 11%
Business
Reliance Industries' Q4 net profit dropped 9% to ₹16,971 crore compared to quarter-on-quarter, even though overall revenue jumped 11% to ₹294,059 crore.
The board has suggested a ₹6-per-share dividend for shareholders.
Reliance Retail steady JioStar 500 million users
Reliance's retail business held steady with ₹98,457 crore in revenue and a 7% margin.
Jio's net profit grew 4%, helped by users spending more on average (ARPU up to ₹214), while the company poured over ₹40,000 crore into its capex.
Meanwhile, JioStar hit a milestone with 500 million monthly users this quarter, showing just how much their online platforms are catching on.