Reliance Industries clocks record quarterly net profit of Rs 95.16 bn in Q2

RIL also announced the acquisition of a majority stake in Hathway and DEN Networks

India's Reliance Industries Ltd reported a record quarterly profit on Wednesday, driven by growth in its core petrochemicals business and helped by rising revenues at budding telecoms unit Jio.

The telecoms unit is central to the ambition of Chairman Mukesh Ambani - Asia's richest man - to make Reliance's consumer businesses as big as its energy operations, which currently contribute the bulk of group revenues and profits.

Jio marked a fourth straight quarter of profit in June-September, of Rs 6.81 billion ($93 million), compared with a loss in the same period last year.

Reliance, which in August became the first