Reliance Industries Limited (RIL) announced its Q2 FY25 financial results, reporting a net profit of ₹19,101 crore, a 3.63% year-on-year (YoY) decline from ₹19,820 crore in the same period last year. The company’s EBIT also fell by 5.22% YoY, totaling ₹29,025 crore. Despite the overall decline, Reliance recorded revenue from operations at ₹2.58 lakh crore, showcasing strong performance across its core business segments, including oil to chemicals, retail, and digital services.
Key financial highlights include:
- Net Profit: ₹19,101 crore, down 3.63% YoY.
- EBIT: ₹29,025 crore, down 5.22% YoY.
- Revenue from Operations: ₹2.58 lakh crore (₹2.35 lakh crore excluding GST).
- Other Income: ₹4,876 crore, up from ₹3,841 crore last year.
- Total Expenses: ₹2.15 lakh crore for the quarter.
As of 9:17 AM, Reliance shares were trading 0.57% lower at ₹2,729.40 on the NSE, following the release of the Q2 results. The decline reflects investor concerns over the drop in profit and EBIT despite strong revenue figures across various segments.
