In the second quarter, Reliance Industries net profit increased by 27%.


Reliance Industries Ltd announced a 27% increase in net profit for the September quarter on Friday.

Reliance Industries Ltd announced a 27% increase in net profit for the September quarter on Friday.
Reliance Industries Ltd announced a 27% increase in net profit for the September quarter on Friday.

 

Reliance Industries Ltd announced a 27% increase in its September quarter net profit as earnings from the oil and gas industry recovered and revenue increased due to development in fashion and lifestyle, food and e-commerce.

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According to a company’s stock exchange statement, its net profit of Rs 17,394 crore, or Rs 25.71 per share, in July-September – the second quarter of the current fiscal year 2023-24 – was 27.3% greater than Rs 13,656 crore, or Rs 19.92 per share, earned a year ago.

The operating revenue was nearly flat at Rs 2.34 lakh crore.

 

 


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