The oil-to-telecom company reported a 48 per cent growth in its consolidated revenue from operations to Rs. 1.74 lakh crore for the reported quarter, which was also above Street’s estimate.
The growth in the quarter was aided by a low base and a recovery in the company’s refining and retail business after the damaging effects of the second wave of the COVID-19 pandemic.
The company posted a record quarterly consolidated operating profit of Rs. 30,283 crore, which was 30 per cent higher than the year-ago period and sharply above Street’s expectations.
“I am pleased that Reliance has posted a strong performance in 2QFY22. This demonstrates the inherent strengths of our businesses and the robust recovery of the Indian and global economies,” said Mukesh Ambani, chairman and managing director at RIL.
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