RILQ2 net profit jumps 43% to ₹13,680 cr, beats estimates

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported consolidated net profit of ₹13,680 crore in the September quarter (Q2), up 43 per cent from the same period last year, on improved performance across key businesses even as finance cost fell 37 per cent on a year-on-year basis.

- ADITI DIVEKAR

Consolidated revenues, PBIDT (profit before interest, depreciation, and tax), and net profit were the highest-ever since June 2013 (since consolidated is available), and also beat consensus estimates.

For Reliance Jio Infocomm (Jio), too, these parameters were its highest ever.

RIL's results were announced late evening on Friday. Its shares closed 0.15 per cent up at ₹2,627.05 on the BSE.

At 10.00 pm (IST), its GDRs (global depository receipts), which are listed on the London Stock Exchange, were up 2.7 per cent at $71.90. Each GDR represents two ordinary shares of RIL.

The consolidated top line or net revenues from operations in the period under review stood at more than ₹1.67 trillion, up 51 per cent year-on-year (YoY), led by strong contribution from the oil to chemicals (O2C) and retail businesses.