Reliance Industries reported a 41% year-on-year profit growth to Rs 25,548 crore for the September quarter of FY27. Revenue rose 29% to Rs 3.32 lakh crore. Mukesh Ambani said, "Our businesses delivered a strong performance despite a complex operating environment." The company also plans to issue debentures worth Rs 15,000 crore.
Reliance Industries Q2 Results: Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.
Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a 41% year-on-year (YoY) growth in consolidated net profit to Rs 25,548 crore for the September quarter of FY27, compared with Rs 18,165 crore in the corresponding period last year.
Revenue from operations rose 29% to Rs 3.32 lakh crore from Rs 2.58 lakh crore a year ago, supported by strong growth in mainstay oil-to-chemicals and Jio.
The company's board has also passed an enabling resolution authorising the issuance of non-convertible debentures of up to Rs 15,000 crore in one or more tranches, on a private placement basis.
"During the second quarter, our businesses delivered a strong performance despite a complex operating environment. Commodity markets remained volatile while geopolitical tensions continued to weigh on global supply chains. Against this backdrop, the domestic orientation of our portfolio, combined with operational discipline and versatility of our integrated businesses, helped Reliance navigate external volatility effectively," said Mukesh Ambani, Chairman and MD, RIL.