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RIL Q2 results: Consolidated net profit flat at Rs 13,656 crore

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Billionaire Mukesh Ambani’s Ltd on Friday reported a flattish net profit for the September quarter after a newly introduced windfall profit tax dented mainstay oil earnings.


The oil-to-retail-to-telecom conglomerate’s consolidated profit of Rs 13,656 crore during July-September – the second quarter of the 2022-23 fiscal year – compared to Rs 13,680 crore in the year-ago period, it said in a stock exchange filing.


The profit fell 24 per cent quarter-on-quarter.


The group’s retail and telecom businesses saved the day with bumper earnings.


ALSO READ: Reliance Jio Q2 results: Net profit rises 28% to Rs 4,518 crore

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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