Reliance Industries profit jumps to record ₹11,262 crores

Billionaire Mukesh Ambani's Reliance Industries (RIL) on Friday added another feather to its cap and became the first Indian firm to hit the Rs 9 lakh crore market valuation mark. During late morning trade on BSE, the company's market capitalisation (m-cap) was Rs 9,01,490.09 crore.

Reliance Industries

Reliance Industries on Friday reported an 18.6% rise in consolidated net profit to a record ₹11,262 crores for the second quarter of the current fiscal on the back of a turnaround in refining margins and continued rise in consumer businesses of retail and telecom.

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Net profit in July-September stood at ₹11,262 crore, compared to ₹9,516 crore profit in the same period a year back. Consolidated revenue rose to a record ₹163,854 crores.