Reliance Industries today reported a 1.5 per cent increase in net profit and became the first company in the country to achieve sales of more than Rs 1,00,000 crore in a quarter.
Profit rose to Rs 5,490 crore in July-September from Rs 5,409 crore a year earlier, the company said in a statement. Turnover or sales soared 14.2 per cent to Rs 1,06,523 crore.
Net profit in the first half of the financial year increased 9.4 per cent to Rs 10,842 crore.
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RIL Chairman and Managing Director Mukesh Ambani said the performance reflects "the resilience of our business model in a period of volatility and uncertainty."
"Our diversified and integrated petrochemicals business captured margins across segments - delivering near-record profit levels even as the domestic economy slowed," he said.
