Reliance Industries reported good set of second quarter results where it beat street estimates with net profit increasing 17.9 percent year-on-year (YoY) to Rs 7,704 crore and petrochemical business saw record earnings in Q2.
Post the result announcement, RIL's CFO Alok Agarwal said that it has been a good quarter which saw two new records, and the consumer business gained traction and performed better.
He said that the polyester business saw improved demand in India and the company is still evaluating its investment plans in the KG Basin and nothing has been formalised yet.Disclosure: Reliance Industries, which owns Reliance Jio, also owns Network18, which publishes Moneycontrol.com.Watch video for more.
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