RIL Q2 re­sult: Re­liance In­dus­tries con­sol­i­dated net profit up 17.4% at 9,516 crore

Chemical Industry Digest - - News & Views -

Re­liance in­dus­tries re­ported a 17.4% rise in quar­terly net profit as sales and ex­ports from the re­cently ex­panded petro­chem­i­cal busi­ness. (RIL) has posted a con­sol­i­dated net profit of ` 9,516 crore up 17.4% (YoY) in quar­terly profit in its Septem­ber quar­ter (Q2). RIL re­ported quar­terly con­sol­i­dated rev­enue of ` 156,291 crore ($21.6 bn), up 54.5%, even as quar­terly seg­ment rev­enue of dig­i­tal ser­vices crossed ` 10,000 crore. It also re­vealed a record quar­terly EBIT for petro­chem­i­cals, re- tail and that dig­i­tal ser­vices Jio sub­scriber base crossed 250 mil­lion mark.

RIL’s fuel re­tail busi­ness has felt the im­pact of cut in fuel prices as it had to match the prices of­fered by state-run oil mar­ket­ing com­pa­nies and their rev­enue jump from 54.5% to ` 156,291 crore is due to higher oil prices.

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