Reliance’s profit up 46 percent in the second quarter to 15,479 crore

Reliance Industries Limited (RIL) has released the financial results for the July-September quarter of the current financial year. The company has performed well in all its business. Due to this, the profit of Reliance Industries increased by 46 per cent to Rs 15,479 crore in the second quarter.

The company’s gross revenue has increased by 49.2 to Rs 191,532 crore. Only Reliance Industries Limited’s (standalone) gross revenue grew 68.8 per cent to Rs 1,08,750 crore. At the same time, the company’s profit in the second quarter increased by 44.1 percent to Rs 9,228 crore.

Jio Platforms’ gross revenue grew 15.2 per cent to Rs 23,222 crore and the company’s consolidated net profit stood at Rs 3,728 crore, up 23.5 per cent over the previous year. Reliance Retail’s gross revenue stood at Rs 45,426 crore. This is 10.5 per cent more than the previous year. At the same time, consolidated net profit stood at Rs 1,695 crore, which is 74.2 percent higher than last year. Reliance’s digital and new commerce business is scaling new heights, registering a 2.4x year-on-year growth in store reopenings.

The fashion and lifestyle business has registered double year-on-year growth. Consumer electronics and grocery businesses posted strong double digit growth. The oil and gas sector recorded a revenue of Rs 1,644 crore, registering a growth of 363 per cent annually. Similarly, revenue in the media business grew 30.7 per cent year-on-year to Rs 1,387 crore.

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