Reliance Q2 beats estimates, profit rises 18%

Petrochemical major Reliance Industries ' quarterly earnings beat analysts' estimates on Thursday with standalone profit rising 2 percent (up 17.9 percent year-on-year) to Rs 7,704 crore on sequential basis and gross refining margin recording above USD 10 a barrel. 

 

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Income from operations during the quarter grew by 8.15 percent (down 0.3 percent YoY) to Rs 64,344 crore during the quarter compared with Rs 59,493 crore in preceding quarter.