RIL Q2 FY25 outcomes: Reliance Industries Ltd (RIL), owned by Mukesh Ambani, introduced on Monday a lower of 5% in its consolidated web revenue for the quarter that led to September 2024, amounting to Rs 16,563 crore. The web revenue was Rs 17,394 crore within the year-ago interval.
The revenue surpassed the ET Now ballot estimate, which had projected Rs 15,716 crore, based on an ET report.
Within the reporting interval, income from operations noticed a slight improve of 0.2% year-on-year (YoY), reaching Rs 2.35 lakh crore.
The conglomerate, which has pursuits starting from oil to telecom, posted an EBITDA of Rs 43,934 crore for the second quarter, marking a year-on-year decline of two%. EBITDA margins additionally skilled a drop of fifty foundation factors, settling at 17%.
Through the quarter, finance prices rose by 5% year-on-year, amounting to Rs 6,017 crore ($718 million), primarily attributed to a rise in debt.
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