Report
Reliance Industries' Q2 consolidated net profit rises 41% as oil-to-chemicals earnings jump
The Economic Times reports revenue rose 29%, while Reliance Retail’s profit fell 24% despite higher gross revenue.
TLDR
The Economic Times reports Reliance Industries’ profit attributable to shareholders rose 41% year over year to ₹25,548 crore in the September quarter, while revenue from operations rose 29% to ₹3.32 lakh crore. Oil-to-chemicals EBITDA rose 68%, and Jio Platforms reported 14% profit growth in its first quarterly results since listing. Reliance Retail’s net profit fell 24.3% despite a 6.4% rise in gross revenue.
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