Energy, consumer businesses driving RIL earnings growth

April 22, 2023

Meanwhile, operating profit of the telecom segment improved 2% to ‘12,767 crore, driven by subscriber additions. Average revenue per user (ARPU) remained stable at ‘178.8. Retail business, where the firm is on a shopping spree, had quarterly revenues of ‘69,267 crore, up nearly a fifth. Here, the operating margin climbed to 7.09%-the highest in eight quarters.

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