Reliance Industries Q2 net profit jumps 18 pc to record Rs 11,262 cr
TNN Bureau. Updated: 10/18/2019 7:35:57 PM |
New Delhi, Oct 18: Reliance Industries on Friday reported an 18.6 per cent rise in consolidated net profit to a record Rs 11,262 crore for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom.
Net profit in July-September stood at Rs 11,262 crore, compared to Rs 9,516 crore profit in the same period a year back. Consolidated revenue rose to a record Rs 163,854 crore, the company said in a statement.
Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed a third of EDITDA in Q2.
Retail business EBITDA rose 13 per cent to Rs 2,322 crore while telecom arm Jio posted a net profit of Rs 990 crore.
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