RIL reports strong Q2 growth driven by 5G, O2C recovery and retail expansion

Reliance Industries saw a 14% profit jump in the September quarter. Strong 5G growth, a recovering oil-to-chemicals business, and expanding retail operations fueled this success. The company is also investing significantly in new energy initiatives and artificial intelligence. Jio Platforms added more subscribers, and Reliance Retail saw robust sales growth. Analysts have slightly improved their outlook for the company.