Reliance Industries Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The consolidated revenue during the quarter stood at ₹234,956 Cr · Net profit for Q2 FY’24 stood at ₹19,878 Cr · The EBITDA for Q2 FY 2023-24 stood at ₹44,867 Cr

Performance Highlights

· The company’s gross revenue increased by 1.2% YoY to ₹2,55,996 Cr · The Profit after tax (PAT) saw an increment of 29.7% YoY · The EBITDA margin of RIL rose 390 basis points to 17.5%

Major Announcements

· The company’s shareholders approved the appointment of Mr. Mukesh Ambani’s children, namely Isha Ambani, Akash Ambani, and Anant Ambani, as the company’s non-executive directors. · Reliance Jio also unveiled JioSpaceFiber, the country’s first satellite-based gigabit broadband service, which will be rolled out nationwide soon.

Company’s Expenses

Concomitantly, the expenses decreased during the quarter. For the quarter under review, the company reported a capital expenditure of ₹ 38,815 Cr.

Source: Reliance Industries Limited Financial Report – Q2 Report, BSE