Reliance Industries shares rally 6% after Q2 results. Here’s why Jefferies, others analysts see up to 47% upside
60-Word AI Digest
Reliance Industries shares rose up to 6% after the company reported a 41% YoY increase in Q2 net profit to Rs 25,548 crore, while revenue climbed 29% to Rs 3.32 lakh crore. The O2C business led earnings growth, with EBITDA surging 68% YoY to a record Rs 25,203 crore, supported by strong refining and petrochemical performance.
Key Takeaways
- Reliance Industries shares rose up to 6% after the company reported a 41% YoY increase in Q2 net profit to Rs 25,548 crore, while revenue climbed 29% to Rs 3.32 lakh crore.
- The O2C business led earnings growth, with EBITDA surging 68% YoY to a record Rs 25,203 crore, supported by strong refining and petrochemical performance.
- Full details and original dispatch available below.
Reliance Industries shares rose up to 6% after the company reported a 41% YoY increase in Q2 net profit to Rs 25,548 crore, while revenue climbed 29% to Rs 3.32 lakh crore. The O2C business led earnings growth, with EBITDA surging 68% YoY to a record Rs 25,203 crore, supported by strong refining and petrochemical performance.
Original Publisher Attribution
This summary was curated from Economic Times.