Reliance Industries net profit jumps 27 pc in Q2

NewsDrum Desk
27 Oct 2023
New Update

New Delhi, Oct 27 (PTI) Reliance Industries Ltd on Friday reported a 27 per cent jump in its September quarter net profit as earnings from the oil and gas business rebounded, and revenue rose on the back of growth in fashion and lifestyle as well as grocery and e-commerce.

Its net profit of Rs 17,394 crore, or Rs 25.71 per share, in July-September - the second quarter of the current 2023-24 fiscal - was 27.3 per cent higher than Rs 13,656 crore, or Rs 19.92 a share, earning a year back, according to a company's stock exchange filing.

The revenue from operations was almost flat at Rs 2.34 lakh crore. PTI ANZ BAL