New Delhi: Reliance Industries Ltd’s profit jumped 46% from a year earlier in the fiscal second quarter, on a strong showing in the oil-to-chemicals and retail businesses as the effects of the pandemic ebbed and demand returned.
Consolidated net profit for the July-September period rose to ₹15,479 crore from ₹10,602 crore a year earlier, beating the consensus estimate of ₹12,562 crore by analysts tracked by Bloomberg. Consolidated revenue surged almost 50% year-on-year to ₹1,74,104 crore. Sequentially, consolidated net profit rose 12% from ₹13,806 crore in the April-June quarter.
