Heading: Reliance Q2 Results LIVE Updates: RIL Likely to Report Muted Earnings Weighed by Weak Retail & O2C Segments

Reliance Industries Ltd (RIL) announced its financial results for the July-September quarter of fiscal 2024-25 (Q2FY25) today, October 14. The oil-to-telecom conglomerate reported muted growth in the second quarter of FY25 due to a weaker oil-to-chemicals (O2C) business.

India’s most valuable company reported a consolidated profit of ₹16,563 crore, which was 4.7 per cent lower than the same period last year. Consolidated revenue from operations during the quarter was flat at ₹2,35,481 crore.

Reliance reported consolidated earnings before interest, tax, depreciation and amortization (EBITDA) of ₹43,934 crore for the quarter, two per cent higher year-on-year. EBITDA margin was 17 per cent compared to 17.5 per cent last year.

Reliance’s board approved a bonus share issue in the ratio 1:1 during its latest annual general meeting (AGM) in August 2024. Reliance’s share price settled higher ahead of Q2 results announcements.

In a statement, Isha M. Ambani, Executive Director of Reliance Retail Ventures Limited, highlighted the company’s continued investments in technology and infrastructure to build a strong foundation for future growth and maintain market leadership. She emphasized the focus on strengthening the customer proposition with innovative products across various categories.

Overall, Reliance’s Q2 results reflect a mixed performance across its various business segments, with challenges in the O2C business offset by growth in other areas. Stay tuned for more updates on Reliance’s financial performance in the coming quarters.