Categories AlphaGraphs, Earnings

Infographic: Reliance Industries Posts Strong Revenues in Q2 FY2023, Management Sounds Positive

Reliance Industries Ltd (NSE: RELIANCE) reported mixed financial results for Q2 FY2023 (ended September 30, 2022).

On a consolidated basis, RIL recorded gross revenues of Rs 2,53,497 crore, up 32.4% YoY riding on broad-based growth almost in all verticals. Revenues from operations grew 33.7% YoY to Rs 2,32,863 crore.

Net profit stood at Rs 15,512 crore, up marginally on a YoY basis. Results were impacted by subdued O2C business. Earnings per share (EPS) were Rs 20.20, down 3.3% from the prior-year quarter.

Total expenses stood at Rs 215,923 crore, up 35.7% YoY. EBITDA including certain charges came in at Rs 34,663 crore, up 14.5% YoY riding on consumer businesses and upstream.

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