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Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates

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Reliance Industries Q2 Earnings Highlights: Billionaire Mukesh Ambani-led RIL reported a net profit of Rs 13,680 crore for the quarter ended September 30, beating Street estimates by a wide margin. Analysts in a CNBC-TV18 poll had predicted the net profit at Rs 12,946 crore. RIL's revenue came in at Rs 1.67 lakh crore, as against the expectation of Rs 1.58 lakh crore. Reliance Jio reported a 0.8 percent quarter-on-quarter rise in standalone net profit to Rs 3,528 crore for Q2, meeting Street estimates. Jio's average revenue per user (ARPU) came in at Rs 143.60 per month.

Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates
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  • Reliance Retail Q2 | Revenue rises 18% to Rs 45,450 crore 

    Revenue from Reliance Industries' retail arm came in at Rs 45,450 crore in Q2, as against Rs 38,563 crore in Q1. EBITDA was at Rs 2,923 crore, as against Rs 1,953 crore in the previous quarter. (Read more on Reliance Retail Q2 performance)

  • Reliance Jio Q2: Profit at Rs 3,528 crore meets Street expectations; ARPU beats estimates

    Reliance Jio has reported a standalone net profit of Rs 3,528 crore for the second quarter of FY22. That marked a sequential increase of 0.8 percent. (Read more on Jio results)

  • Our businesses reflect growth over pre-COVID levels: Mukesh Ambani

    "As the pandemic retreats, I am pleased that Reliance has posted a strong performance in 2Q FY22. This demonstrates the inherent strengths of our businesses and the robust recovery of the Indian and global economies," said Mukesh Ambani, Chairman and Managing Director, Reliance Industries.

    "All our businesses reflect growth over pre-COVID levels. Our operational and financial performance reflects sharp recovery in the retail segment and sustained growth in Oil-to-Chemicals (O2C) and Digital Services business," he said.

    Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates
  • Reliance Industries Q2 profit exceeds Street estimate by a wide margin

  • Reliance Industries Q2 Results | Oil-to-chemicals revenue at Rs 1.20 lakh crore

    RIL posted revenue of Rs 1.20 lakh crore from its oil-to-chemicals revenue in Q2, as against Rs 1.03 lakh crore in the previous quarter. 

    Its earnings before interest and taxes (EBIT) from the oil-to-chemicals business came in at Rs 10,747 crore in the September quarter, as against Rs 10,394 crore in the previous quarter. The OTC EBIT margin was at 8.9 percent in Q2, as against 10.1 percent in Q1. (Read more on Reliance Industries Q2 earnings)

  • RIL Q2 Earnings | EBITDA at Rs 26,020 crore vs CNBC-TV18 poll of Rs 24,970 crore

    The conglomerate reported consolidated earnings before interest, taxes, depreciation and ammortisation (EBITDA) of Rs 26,020 crore for the quarter ended September 30. Analysts in a CNBC-TV18 poll had estimated EBITDA at Rs 24,970 crore.

  • Reliance Industries Q2 Results | Revenue at Rs 1.67 lakh crore, well above Street estimate

    Reliance Industries reported revenue of Rs 1.67 lakh crore for the second quarter of the current financial year, beating Street expectations by a wide margin.

    Analysts in a CNBC-TV18 poll had estimated revenue of Rs 1.58 lakh crore. 

  • Reliance Industries Q2 Results | Net profit at Rs 13,680 crore, beats Street estimate

    Reliance Industries posted a consolidated net profit of Rs 13,680 crore for the quarter ended September 30, beating Street estimates by a wide margin.

    Analysts in a CNBC-TV18 poll had predicted the net profit at Rs 12,946 crore.

  • RIL Q2 | Probal Sen says Reliance Industries stock risk reward fairly balanced

    Probal Sen, Senior VP at Centrum Broking, believes the risk reward in Reliance Industries shares appears to be fairly balanced. Positive surprises on the oil-to-chemicals, retail or JIO segments can perhaps drive the stock higher, he said. 

    "If you take a really longer term view, and somebody has more insights in terms of the exact technologies being worked on, and how they can do it better and bigger than most of the peers in the in the battery storage and the solar space, then obviously more value can be expected. But in the near term, from a one-year perspective, we would think that Rs 2,600-2,700 seems to be a fair risk reward for the stock as of now," he said.

  • Reliance Jio added 6.49 lakh mobile subscribers in August

    India's largest telecom operator, Reliance Jio, gained 6.49 lakh mobile users in August, leading the subscriber addition tally, according to data from telecom regulator TRAI.

    Bharti Airtel added 1.38 lakh users. Vodafone Idea lost 8.33 lakh subscribers during the month, although its losses were less than July. (Read more on telecom subscriber base data)

    Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates
  • Reliance Industries Q2 | Expect Reliance Jio ARPU to improve by about Rs 3-4, says Probal Sen

    Probal Sen, Senior VP at Centrum Broking, said in an interview to CNBC-TV18 that Reliance Jio is going to be interesting to watch this quarter. Its average revenue per user (ARPU) is expected to improve by about Rs 3-4, but the net subscriber number will probably be among the lowest it has seen, he said. 

  • RIL Q2 | Centrum Broking's Probal Sen expects 30% YoY improvement in operating earnings

    Probal Sen, Senior VP at Centrum Broking, told CNBC-TV18 he expects a 30 percent improvement in Reliance Industries' operating earnings on a year-on-year basis, and about a 5- 6 percent in PAT. "What would be interesting to see is the extent of recovery that one sees in retail, because the last year's base is obviously fairly low. And after that, the reopening of the economy and the kind of recovery one has seem broadly speaking in most states should reflect in very strong retail numbers," he said. 

  • Reliance Industries Q2 Results | Key things to watch out for

    Here are five expectations from Reliance Industries' earnings report for the July-September period:

    --Sequentially a better show for most segments (following a subdued Q1)
    --Rise in refining margins for first time since the onset of the pandemic
    --Morgan Stanley expects gross refining margin (GRM) to rise by $0.5/barrel QoQ to $7.3/barrel 
    --Nomura expects GRM to rise to $8.7/barrel in Q2 vs $6.7/barrel in Q1
    --Rise in refining margin due to global demand recovery, gas-to-oil switching for power generation

  • Reliance Industries' April-June EBITDA was highest ever in a quarter

    For the quarter ended June 30, Reliance Industries had reported a net profit of Rs 13,806 crore, beating Street estimates. Revenue came in at Rs 1,58,862 crore, up 57.4 percent compared with the corresponding period a year ago. Its revenue was boosted by better price realisation in the oil-to-chemicals business, and a strong performance in the digital services unit.

    Its consolidated operating profit (EBITDA) for the April-June period rose to Rs 27,550 crore -- the highest ever in a quarter. (Read more on RIL Q1 results)

  • A look at Reliance Industries' journey to Rs 18 lakh crore mcap

    Reliance Industries took less than a fortnight to add Rs one lakh crore to its market value to Rs 18 lakh crore this month.

    Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates
  • Reliance Industries first Indian company to hit Rs 18 lakh crore mcap 

    Billionaire Mukesh Ambani-led conglomerate Reliance Industries recently became the only Indian company to touch a market capitalisation of Rs 18 lakh crore. (Read more about this milestone)

    Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates
  • Reliance Industries shares are up 24% in past 3 months

    Reliance Industries Ltd (RIL) shares have broken a series of records in the recent past, helping the conglomerate cement its position as the country's most valuable company. The stock has rewarded investors with a return of 37.8 percent in the past six months, and 23.9 percent in the last three months alone. 

    The big trigger for the Reliance Industries stock has been the company's multiple investments in green energy businesses globally.

    Here's how RIL shares have performed in the past 12 months: 

    Reliance Industries Q2 Earnings Highlights: Net profit at Rs 13,680 crore, beats Street estimates
  • Reliance Q2 Results: Street expects 12.8% consolidated revenue growth

    Analysts in a CNBC-TV18 poll expect Reliance Industries' consolidated revenue to grow 12.8 percent to Rs 1.58 lakh crore in Q2. They expect the profit to increase 5.4 percent to Rs 12,946 crore. (What to expect from RIL earnings today)

  • What To Expect | Reliance Industries' net profit expected at Rs 12,946 crore in Q2 after subdued Q1

    Reliance Industries is expected to report a sequentially better quarterly performance for most segments. 

  • RIL Q2 Results | Reliance Industries shares rise marginally ahead of quarterly earnings announcement

    Reliance Industries Ltd (RIL) shares ended 0.2 percent higher at Rs 2,627.1 apiece on BSE ahead of the company's earnings announcement, due shortly. The headline Sensex index declined 0.2 percent, extending losses to the fourth day in a row. 

    At the current level, the Reliance Industries stock is within a Rs 125 distance from an all-time high touched on October 19. (Read more on Reliance shares)

  • Reliance Industries Q2 results shortly

    Billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries Ltd (RIL) will report its financial results for the July-September period shortly. The Street will closely track the group's Q2 numbers to assess the pace of recovery across businesses as they continue to struggle against the pandemic.

  • Welcome to CNBC-TV18's India Inc Earnings LIVE Blog

    Good evening, readers! Welcome to CNBC-TV18's coverage of India Inc earnings where we bring the latest news on the financial performance of some of India's top businesses. Be the first to catch the vital financials of the movers and shakers of Corporate India to make informed investment bets. We also get you instant reactions from our stellar lineup of TV guests and in-house editors, researchers and reporters.

    Have a great earnings season. Good luck!

Reliance Industries Q2 Earnings Highlights
: Billionaire Mukesh Ambani-led RIL reported a net profit of Rs 13,680 crore for the quarter ended September 30, beating Street estimates by a wide margin. Analysts in a CNBC-TV18 poll had predicted the net profit at Rs 12,946 crore. RIL's revenue came in at Rs 1.67 lakh crore, as against the expectation of Rs 1.58 lakh crore. Reliance Jio reported a 0.8 percent quarter-on-quarter rise in standalone net profit to Rs 3,528 crore for Q2, meeting Street estimates. Jio's average revenue per user (ARPU) came in at Rs 143.60 per month.
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