Reliance Q2 results: Consolidated profit declines to Rs 13,656 crore- QHN

Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company’s owners) of Rs 13,656 crore for the quarter ended September 30, 2022 (Q2). The company had reported a net profit of Rs 13,680 crore in the year-ago period.

Meanwhile, the revenue has jumped 34 per cent to Rs 2.33 trillion.

Bloomberg consensus estimated the company to report double-digit growth (34.7 per cent) in revenue in Q2 versus a year ago to touch Rs 2.25 trillion.

The company had reported a consolidated net profit at Rs 17,955 crore in the previous quarter (Q1FY23), up 46.3 per cent on a year-on-year basis.

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