RIL Q2 results: Mukesh Ambani-led Reliance Industries reports 5% fall in net profit to Rs 16,563 crore

RIL Q2 results: Mukesh Ambani-led Reliance Industries reports 5% fall in net profit to Rs 16,563 crore


RIL Q2 results: Revenue from operations saw a slight increase of 0.2% year-on-year (YoY), reaching Rs 2.35 lakh crore.

RIL Q2 FY25 results: Reliance Industries Ltd (RIL), owned by Mukesh Ambani, announced on Monday a decrease of 5% in its consolidated net profit for the quarter that ended in September 2024, amounting to Rs 16,563 crore. The net profit was Rs 17,394 crore in the year-ago period.
The profit surpassed the ET Now poll estimate, which had projected Rs 15,716 crore, according to an ET report.
In the reporting period, revenue from operations saw a slight increase of 0.2% year-on-year (YoY), reaching Rs 2.35 lakh crore.
The conglomerate, which has interests ranging from oil to telecom, posted an EBITDA of Rs 43,934 crore for the second quarter, marking a year-on-year decline of 2%. EBITDA margins also experienced a drop of 50 basis points, settling at 17%.
During the quarter, finance costs rose by 5% year-on-year, amounting to Rs 6,017 crore ($718 million), mainly attributed to an increase in debt.
This story is being updated





Source link


Discover more from Сегодня.Today

Subscribe to get the latest posts sent to your email.

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from Сегодня.Today

Subscribe now to keep reading and get access to the full archive.

Continue reading