RIL reports 18% jump in Q2 net profit to a record Rs 11,262 crore

Mukesh Ambani-promoted Reliance Industries Ltd on Friday reported an 18.3 per cent increase in its net profit at Rs 11,262 crore for the quarter ended September 30, 2019, following robust growth in retail and digital service businesses. The 27 per cent and 43 per cent growth in revenue from retail and digital services was partially offset by decrease in refining and petrochemicals primarily on account of over 17 per cent fall in Brent crude price, the company said in a statement.

Its profit before tax increased by 14 per cent to Rs 15,055 crore for the quarter. Its consolidated revenue stood at Rs 163,854 crore, an increase of 4.8 per cent as compared to Rs 156,291 crore in the corresponding period of the previous year.