Q4 results: Jio, retail aid RIL net growth of 10%; standalone PAT down 1.6%

For 2018-19, the company reported net profit of Rs 39,588 crore, up 13.1 per cent from the previous year

Mukesh Ambani-promoted Reliance Industries (RIL) reported a 9.8 per cent year-on-year (YoY) rise in consolidated net profit for the quarter ended March 2019, backed by better numbers in its retail and telecom business.

The quarter under review also saw significant debt reduction with a 21 per cent decrease sequentially in net debt, down to Rs 1.54 trillion at the end of the March 2019 quarter.

For the January-March 2019 quarter, the company reported its highest ever quarterly profit at Rs 10,362 crore, up 9.8 per cent from Rs 9,438 crore in the corresponding quarter a year ago.

In the December quarter, RIL had