On Monday, Reliance Industries Limited (RIL) announced its financial results for the second quarter of the fiscal year.
In the Oil to Chemicals (O2C) segment, revenue saw a year-on-year increase of 5.1%, reaching Rs 1.56 lakh crore, up from Rs 1.48 lakh crore in the previous year. The company's O2C business's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) increased by 23.8% to Rs 12,413 crore from Rs 16,281 crore in the same quarter last year.
RIL's consolidated financials reported a net profit of Rs 16,563 crore, down from Rs 17,394 crore the previous year. The consolidated revenue remained at Rs 2.32 lakh crore, unchanged from the previous year. However, consolidated EBITDA fell by 4.7% to Rs 39,058 crore from Rs 40,968 crore in the previous fiscal year.
On Monday, the shares of Reliance Industries closed at Rs 2,745.50. The 52 week high and low of the share is Rs 3,217.60 and Rs 2,220.30 respectively. According to the BSE analytics, the shares have given returns of 16.78 per cent in the last 1 year.