RIL Q2 profit jumps 43% to Rs13,680 cr

New Delhi, October 22

Billionaire Mukesh Ambani's Reliance Industries on Friday reported a 43% jump in its September quarter net profit as its businesses from oil to retail fired on all cylinders, growing both sequentially and on a year-on-year basis.

Net profit of Rs 13,680 crore, or Rs 20.88 per share, in July-September compared with Rs 9,567 crore, or Rs 14.84 a share, in the same period a year back, the company said.

While better realisation and a sharp rise in crude oil prices benefited the old-economy business, retail saw footfalls at stores reach pre-Covid levels and per user earning from telecom business rose. Revenue was up 49% at Rs 191,532 crore. Jio Platforms reported a 23.5% higher net profit at Rs 3,728 crore in the second quarter. — PTI