Reliance profit rises to ₹18,165 crore on strong retail and telecom performance
Reliance Industries shares gained 1.2% after reporting a quarterly profit of ₹18,165 crore, surpassing market estimates. Growth in its retail and Jio telecom segments offset pressure from refining margins. The company said digital services and consumer businesses contributed over half of total EBITDA, underlining its shift toward diversified revenue streams. Analysts expect steady earnings momentum supported by rising data usage and robust retail expansion.
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1 day ago
Reliance profit rises to ₹18,165 crore on strong retail and telecom performance
Reliance Industries shares gained 1.2% after reporting a quarterly profit of ₹18,165 crore, surpassing market estimates. Growth in its retail and Jio telecom segments offset pressure from refining margins. The company said digital services and consumer businesses contributed over half of total EBITDA, underlining its shift toward diversified revenue streams. Analysts expect steady earnings momentum supported by rising data usage and robust retail expansion.
positive
Reliance profit rises to ₹18,165 crore on strong retail and telecom performance
1 day ago
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Reliance Q2 profit beats estimates; retail and telecom drive gains.
Reliance Industries shares gained 1.2% after reporting a quarterly profit of ₹18,165 crore, surpassing market estimates. Growth in its retail and Jio telecom segments offset pressure from refining margins. The company said digital services and consumer businesses contributed over half of total EBITDA, underlining its shift toward diversified revenue streams. Analysts expect steady earnings momentum supported by rising data usage and robust retail expansion.
Reliance Industries shares gained 1.2% after reporting a quarterly profit of ₹18,165 crore, surpassing market estimates. Growth in its retail and Jio telecom segments offset pressure from refining margins. The company said digital services and consumer businesses contributed over half of total EBITDA, underlining its shift toward diversified revenue streams. Analysts expect steady earnings momentum supported by rising data usage and robust retail expansion.