ET Intelligence Group: Record retailing revenues driven by higher store sales and recovery in the oil-to-chemical segment due to the easing of mobility curbs globally lifted earnings growth at Reliance Industries, with India’s biggest company by all conventional parameters beating consensus estimates of operating profit by as much as 5%.
To be sure, RIL NSE 0.02 %’s bottom-line performance seems even richer, aided by exceptional income. Net profit includes exceptional income of ₹2,872 crore on divestment of an energy asset in North America. RIL’s net profit has outpaced consensus estimates in eight out of 10 previous quarters with an average beat of 7.1%, Bloomberg data showed.
