Reliance Industries Limited (RIL), India’s largest company by market capitalization, announced its financial results for the second quarter of the current fiscal year on October 17. The company demonstrated significant improvements in its consolidated profit and revenue for the September quarter.
On a year-on-year basis, Reliance’s consolidated profit increased from ₹16,563 crore to ₹18,165 crore. However, compared to the previous quarter, the profit declined from ₹26,994 crore to ₹18,165 crore.
In terms of revenue, the company posted a strong growth, with annual revenue rising from ₹2.32 lakh crore to ₹2.55 lakh crore.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) also showed positive momentum. The annual EBITDA jumped from ₹39,058 crore to ₹45,885 crore, accompanied by an increase in the EBITDA margin from 16.9% to 18%.
Quarter-on-quarter, EBITDA improved from ₹42,905 crore to ₹45,885 crore, with the EBITDA margin rising from 17.6% to 18%.
These results highlight Reliance Industries’ solid financial footing, reflecting a healthy increase in profitability and operational efficiency during the quarter.
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