Reliance Industries Q2 Results: Net profit rises 30% YoY to Rs 19,878 crore

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Key Points

Oil to retail conglomerate Reliance Industries (RIL) on Friday reported a 29.7% YoY rise in consolidated net profit to Rs 19,878 crore for the September 2023 quarter...

During the quarter, the company's EBITDA margin rose 390 bps to 17.5%...

"Resilient performance of the O2C segment despite volatility in energy markets was led by strong growth in fuel demand in a supply-constrained market..

The growth of oil and gas business is particularly noteworthy with production from KGD6 block ramping up and providing valuable fuel for the energy transition to the Indian economy," RIL chairman and MD Mukesh Ambani said.. MORE TO COME.....

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