RIL’s consolidated profit for Q2 stands at Rs 16,563 cr, Jio posts 18% jump in revenue
The conglomerate's operational revenue stands at Rs 2,35,481 crore
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Published: Oct 14, 2024 7:42 PM | 1 min read
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Reliance Industries has posted a consolidated profit of Rs 16,563 crore for Q2. This is a 4.7% drop from the same period last year.
The conglomerate's operational revenue stands at Rs 2,35,481 crore.
RIL's EBITDA for the quarter stands at Rs 15,931 crore, up 17.8 per cent YoY.
The fall in profit for the July-September quarter is reportedly because of a weaker performance in the oil-to-chemical business and the retail verticals.
Reliance Jio has posted revenue of Rs 31,709 crore, a jump of 18 per cent. The company has also reported a profit of Rs 6,539 crore, increasing 23 per cent.
EBITDA for Jio Platforms Limited (JPL) increased 17.8% Y-o-Y due to better subscriber mix, digital services scale-up and revision in telecom tariffs.
Commenting on the results, Mukesh D. Ambani, Chairman and Managing Director, Reliance Industries Limited said: “I am happy to note that during this quarter Reliance once again demonstrated the resilience of its diversified business portfolio. Our performance reflects robust growth in Digital Services and Upstream business. This helped partially offset weak contribution from O2C business which was impacted by unfavorable global demand-supply dynamics.
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