RIL Q2FY22 earnings LIVE: Mukesh Ambani’s Reliance Industries Ltd is all set to announce its July-September quarter earnings later in the day. Analysts at CNBC TV18 see up to 5.4 per cent rise in profit after tax (PAT) to Rs 12,946 crore from Rs 12,273 crore, sequentially. Similarly, a 12.8 per cent jump in consolidated revenue to Rs 1.58 lakh crore from Rs 1.4 lakh crore. HDFC Securities estimates RIL’s consolidated EBITDA to increase by 14 per cent, sequentially, to Rs 26,600 crore. On the stock performance front, RIL share price hit an all-time high of Rs 2,745 on 19 October 2021 and has soared 42 per cent in the last six months. Reliance Industries has made investments in multiple green energy companies globally. The oil-to-telecom conglomerate acquired stake in four companies globally — REC Solar, Ambri, NexWafe, and S&W Solar, between August-October, this year. Moreover, RIL ‘s Reliance Retail Venture Ltd tied up to bring 7-Eleven stores to India, bought 40% stake in Manish Malhotra Fashions, and 52% stake in Ritu Kumar’s company.
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