SINGAPORE (ICIS)--Reliance Industries Limited's (RIL) net profit rose by 13% year on year in the three months to 31 December 2020 despite a drop in revenue, the Indian chemicals major said late on Friday.
|Indian Rupee (Rp) crore||Oct-Dec 2020||Oct-Dec 2019||% change||April-December 2020||April-December 2019||% change|
- Overall expenses fell year on year in the
quarter ended 31 December 2020.
- RIL reported for the first time its oil-to-chemical (O2C) business as a separate unit. The O2C unit houses RIL's refinery, petrochemical and retail fuel businesses.
- The O2C unit's EBITDA fell by 31% year on year in the three months to 31 December last year.