Mukesh Ambani is printing a lot of money! Reliance's profit jumps up to 30%, this will affect the shares

According to the September quarter results of Reliance Industries Limited, the company's profit has increased by 30% to Rs 2,55,996 crore. Retail and Jio have contributed significantly to this. Jio's subscribers have jumped 7.5% and Reliance Retail Venture's revenue has increased by 18.8%.

New Delhi: Mukesh Ambani's company Reliance's profits have jumped strongly. Reliance Industries Limited continues to perform strongly. Reliance Industries announced its September quarter results on Friday. The company's profit has increased by 30 percent on a year-on-year basis. Retail and Jio have given the highest profit in this. The company has made strong profits due to the strong performance of both. According to the results released by RIL, the company's gross revenue increased by 1.2 percent year-on-year to Rs 2,55,996. Mukesh Ambani is earning a lot. The company's profits seem to be steadily increasing. Reliance's subsidiary Jio Platforms Ltd's revenue also grew 10.6 per cent year-on-year in the September quarter. Jio made huge profits by making big growth of the industry in sectors like 5G network expansion, JioBharat Mobility and AirFiber. Jio earned a net profit of Rs 5,058 crore, which is 12% more than the previous year. Jio's subscribers have also jumped 7.5 percent during this period. Reliance Retail Venture Limited Rising net worth Mukesh Ambani's net worth is also seeing a steady increase. In the Bloomberg Billionaires Index, Mukesh Ambani is currently at number 11 in the list of world's billionaires. At the same time, Mukesh Ambani's net worth is about $ 84.8 billion. The impact will be seen in stocks With the jump in Reliance's profits, its impact will also be seen on the stocks. Reliance shares also saw a rise on Friday. Reliance's shares closed at Rs 2,266.15 with a jump of about two percent. Earlier, Reliance shares were seeing a decline. Investors expect that with the market opening on Monday, Reliance's shares can see a bumper jump. At the same time, the company's profits will also increase further in the coming days.