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RIL Q2 Results: Profit Rises 11% Aided By Oil-To-Chemicals, Retail Segments

Net profit of the Mukesh Ambani-led conglomerate rose 11.5% sequentially to Rs 13,680 crore in Q2.

Sameer Bhardwaj
The Reliance Industries Ltd. logo is displayed at the company’s annual general meeting. (Photographer: Adeel Halim/Bloomberg)

Reliance Industries Ltd.'s second-quarter profit rose as demand for its oil-to-chemicals and retail units improved after Covid-19 curbs were eased.

Also Read: Reliance Jio Q2 Results: Profit Rises 0.6%, But Misses Estimates

Reliance Retail

Operating profit of RIL's retail arm rose 49.6% sequentially to Rs 2,923 crore amid rebound in demand across categories as the economy opened up once pandemic-related restrictions were eased across the country.

Also Read: Reliance Retail Q2 Results: Fashion And Lifestyle Segment Drives Business To Pre-Covid Levels

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Brazil President Dials PM Modi Day After Trump Sharpens Tariffs Against India

  • chevron-double-right Prime Minister Modi received a call from Brazil's President Lula da Silva on Thursday
  • chevron-double-right US tariffs impose a total of 50% levies on imports from India and Brazil
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