RIL Q2 consolidated net rises 12.5% to Rs 8,109 cr; Jio's loss at Rs 271 cr

Revenue increased 24% to Rs 1,01,169 cr; GRM was $12 for the quarter, outperforming the benchmark Singapore complex margins by $3.7 per barrel

Buoyed by higher margins from its core refining and petrochemical businesses,  oil-to-telecoms conglomerat Reliance Industries today reported a 12.5% increase in second-quarter consolidated net profit at Rs 8,109 crore as compared with last year’s figure of Rs 7,206 crore.

Consolidated revenue increased by 24% to Rs 1,01,169 crore during the quarter ending September as against Rs 81,651 crore in year-ago period.

Profit on a standalone basis, which includes the company's refining, petrochemicals and oil and gas exploration businesses, stood at Rs 8,265 crore, compared with Rs 7,704 crore a year earlier, a 7% increase.

Gross refining margin, the