KRChokesy: Reliance Industries’ Streak Of Poor Performance Continues In Oil- To-Chemical Business; High-Margin Jio Became Saviour
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Reliance Industries Ltd. consolidated revenue for the quarter, net of excise, stood at Rs 1,112 biillion, up by 26.0% QoQ / down 25.7% YoY; led by strong rebound in domestic demand across oil to chemical business as well as normalization of retail business in Q2 compared to previous quarter.
Exports was Rs 345 billion; up by 5.6% QoQ. Broadly, performance remained subdued compared to same quarter last year as all business segments de-grew on YoY except digital services that grew 35.7% YoY.
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