Reliance Industries Ltd on Friday posted its second quarter earnings with profit at Rs 17,394 crore, up 27.4 per cent on-year as against Rs 13,656 crore during the corresponding quarter of last year. The conglomerate recorded revenue from operations at Rs 234,956 crore, up 1.2 per cent in comparison to Rs 232,217 crore during Q2FY23. The company EBITDA stood at Rs 40,968 crore.
RIL’s revenue growth during the quarter was supported by continuing growth momentum in consumer businesses. It said that the revenue for JPL increased by 10.6 per cent on-year, led by 7.5 per cent increase in subscriber base and higher ARPU.
