RIL Q2FY22 earnings: Mukesh Ambani-led Reliance Industries Ltd (RIL) reported July-September quarter FY22 net profit at Rs 13,680 crore, a rise of 11.4 per cent, sequentially. The company posted a sharp recovery in the retail segment and sustained growth in the oil-to-chemicals (O2C) and digital services business. In the previous quarter, net profit stood at Rs 12,273 crore. RIL revenue came in at Rs 1.58 lakh crore, against the Rs 1.4 lakh crore in the last quarter of FY22. Mukesh Ambani said that the O2C business was benefited from a sharp recovery in demand across products and higher transportation fuel margins. Its retail business continued to grow on the back of rapid expansion of both physical stores and digital offerings, resulting in healthy growth in revenues and margin expansion. “Jio, Our digital services business continues to transform the broadband market in India and set new benchmarks for the industry,” Ambani added. EBITDA for the second quarter of the FY22 stood at Rs 26,020 crore, as compared to Rs 23,368 crore in the first quarter of the current fiscal. Reliance Jio posted a net profit of Rs 3,528 crore in the July-Sep quarter.