What was Reliance Industries' Q2 net profit?

Reliance Industries reported a 10% year-on-year growth in its Q2 net profit, which stood at ₹18,165 crore.

How did Reliance Industries' Jio Platforms perform in Q2?

Jio Platforms' revenue increased by 14.9% year-on-year, led by industry-leading subscriber growth across mobility and homes, sustained improvement in ARPU, and continued ramp-up in digital service offerings.

What was the impact of Reliance Retail Ventures Limited's (RRVL) performance on the overall results?

RRVL's revenue increased by 18% year-on-year, with significant growth across consumption baskets, particularly in the grocery and fashion segments.

Home / Business and Economy / Reliance Industries Profits Surge 10% in Q2 as Diversified Businesses Thrive

Reliance Industries Profits Surge 10% in Q2 as Diversified Businesses Thrive

17 Oct

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Summary

Reliance Industries reports 10% YoY growth in Q2 net profit to ₹18,165 crore
Revenues up 10% to ₹2.59 lakh crore, beating estimates
Strong performance across Jio, Retail and O2C segments

Reliance Industries Profits Surge 10% in Q2 as Diversified Businesses Thrive

Reliance Industries Limited (RIL), the conglomerate led by Mukesh Ambani, has reported a strong financial performance for the second quarter of the current fiscal year. The company's consolidated net profit grew by 10% year-on-year to ₹18,165 crore in the July-September period, compared to ₹16,563 crore in the same quarter last year.

RIL's revenue from operations also increased by 10% to ₹2.59 lakh crore, up from ₹2.35 lakh crore in the corresponding quarter of the previous year. The company's gross revenue stood at ₹2.83 lakh crore, a 10% rise on a year-on-year basis.

The robust performance was driven by the strong growth across RIL's diversified business segments, including Jio Platforms, Reliance Retail Ventures Limited (RRVL), and the Oil-to-Chemicals (O2C) division. Jio Platforms' revenue increased by 14.9% year-on-year, while RRVL's revenue grew by 18%. The O2C segment also saw a 3.2% year-on-year increase in revenue.