Key highlights from the Reliance Industries Q2 result

Reliance has come out with its second-quarter results. The net profit has come in at  Rs 11,262 crore versus a CNBC-TV18 poll of Rs 10,803 crore. When compared quarterly, the net profit has risen 11.5 percent versus Rs 10,104 crore in the first quarter.  This is the highest quarterly profit posted by Reliance Industries.

Revenue is a miss when compared to street expectations and has come in at Rs 1.48 lakh crore versus a CNBC-TV18 poll of Rs 1.55 lakh crore. The revenue reading is down 5.4 percent versus Rs 1.57 crore last quarter.

Reliance Industries posted a net profit of Rs 11,262 crore in its second-quarter results. This is the highest quarterly profit posted by Reliance Industries.

Revenues from the petrochemicals business rose only 2.5 percent sequentially to over Rs 38,000 crore, although production volumes rose 13.8 percent.

The gross refining margin has meet expectations and has come in at  $9.40/bbl. This stood at $8.10/bbl in the first quarter.

Telecom operator Reliance Jio posted a 45.4 per cent jump in its net profit to Rs 990 crore on a standalone basis in the July-September quarter of 2019-20 on account of growth in subscriber base. increase in revenues. The Jio's subscriber base reached at 35.52 crore at the end of the reported quarter from 33.13 crore in the previous quarter.

The retail business continues to perform well with its Ebit increasing by 14.5 percent sequentially, on the back of a 7.9 percent q-o-q increase in revenues.