Reliance Industries shares shed nearly 2 per cent in a weak market after the country’s most valuable company posted its Q4 numbers. Reliance Industries, post market hours on Saturday, reported that its net profit rose 108 per cent to ₹ 13,227 crore in the quarter ended March 2021 from ₹ 6,348 crore during the corresponding period a year ago. On a sequential basis, Reliance Industries’ profit rose 1 per cent from ₹ 13,101 crore. At 9:50 am, the shares of Reliance Industries were trading at ₹ 1957.15,  lower by 1.87 per cent, on the BSE. 

Reliance Industries’ revenues from operations rose 11 per cent to ₹ 1.55 lakh crore. The oil-to-telecom giant’s profit for the financial year came in at record ₹ 53,739 crore with growth of 34.8 per cent, Reliance Industries said.

Meanwhile, Reliance Industries digital arm Reliance Jio’s net profit during the quarter advanced 0.5 per cent to ₹ 3,508 crore and operating profit came in at ₹ 8,573 crore. Reliance Jio’s average revenue per user (ARPU) fell to ₹ 138.2 per subscriber per month as against ₹ 151.0 per subscriber per month in the trailing quarter.

The BSE Sensex was trading at 48,429.26, lower by 342 points or 0.70 per cent and the NSE Nifty was at 14,545, down 86.45 points or 0.59 per cent at the time