RIL net profit up 29.7% on growth momentum in consumer business

Aided by the continuing growth momentum in consumer businesses, Reliance Industries Ltd (RIL) has reported a 29.7 per cent rise in net profit at Rs 19,878 crore for the quarter ended September 2023 as against Rs 15,332 crore in the year-ago period. The net profit attributable to the owners of company rose 27.37 per cent to Rs 17,394 crore for the quarter as against Rs 13,656 crore in the second quarter of the last financial year.
Revenue rose by 1.2 per cent to Rs 255,996 crore for the quarter as against Rs 252,846 crore in the same period of last year.
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