Revenue from operations surged 28.5% year-on-year to a record ₹3.38 lakh crore, reflecting higher contributions across businesses.
The company board also approved a plan to raise as much as ₹15,000 crore through the private placement of non-convertible debentures in one or more tranches.
"During the second quarter, our businesses delivered a strong performance despite a complex operating environment," said Mukesh Ambani, RIL chairman and managing director.
Also Read: Reliance looks to Latin America, North America and the Mediterranean as Middle East oil disruptions put supply chains under pressure
Ebitda Rises 15%
Commodity markets remained volatile while geopolitical tensions continued to weigh on global supply chains. "Against this backdrop, the domestic orientation of our portfolio, combined with operational discipline and versatility of our integrated businesses, helped Reliance navigate external volatility effectively," Ambani said.Ebitda during the quarter climbed 15% from ₹54,067 crore. However, the consolidated ebitda margin contracted by 60 basis points to 17.2% from 17.8% a year ago, although it was wider than 15.9% in the preceding quarter.
RIL's O2C business emerged as the biggest driver of quarterly earnings growth, reporting…