RIL reports 18% jump in Q2 net profit to a record Rs 11,262 crore

The record net profit for the quarter reflect benefits of our integrated oil-to-chemicals (O2C) value chain and the rapid scale-up of our consumer businesses, said Mukesh Ambani

Mukesh Ambani-promoted Reliance Industries Ltd on Friday reported an 18.3 per cent increase in its net profit at Rs 11,262 crore for the quarter ended September 30, 2019, following robust growth in retail and digital service businesses. The 27 per cent and 43 per cent growth in revenue from retail and digital services was partially offset by decrease in refining and petrochemicals primarily on account of over 17 per cent fall in Brent crude price, the company said in a statement.

Its profit before tax increased by 14 per cent to Rs 15,055 crore for the quarter. Its consolidated revenue