Shares of Reliance Industries surged over seven percent on Monday after the energy-to-telecom conglomerate reported a record net profit.
The stock climbed 7.12 percent to Rs 1,246.45 on the BSE. At the NSE, it jumped 6.79 percent to Rs 1,244.
Investors added Rs 1,00,208.45 crore to the firm’s market value. Total valuation reached Rs 16,74,786.99 crore during early trading hours.
Reliance led the gainers on both major stock exchanges. The BSE Sensex jumped 935.82 points, while the NSE Nifty surged 248.15 points.
The company posted a record quarterly net profit of Rs 29,550 crore for July-September. This marked a 33.8 percent rise from the previous year.
Profit after tax stood at Rs 22,092 crore during the same period last year. Net profit attributable to owners rose 40 percent to Rs 25,548 crore.
Consolidated revenue increased 27.8 percent to Rs 362,268 crore. Meanwhile, EBITDA climbed 23.9 percent to a record high of Rs 62,409 crore.
The latest figures surpassed the previous quarter’s profit of Rs 23,196 crore. Reliance maintained its position as India’s largest listed company by market capitalization.
A sharp recovery in the oil-to-chemicals segment powered the impressive earnings growth. Elevated transportation fuel cracks and strong petrochemical margins significantly boosted overall profitability.
Steady growth in digital services further supported company performance. These combined gains successfully offset relatively weaker earnings within the retail division.
The oil-to-chemicals segment delivered the largest growth contribution. Segment EBITDA rose 67.9 percent to Rs 25,203 crore on revenue of Rs 231,601 crore.
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