Q2Results: Reliance Industries’ profit down five percent; Jio’s up 23 percent

New Delhi| Reliance Industries’ profit fell five per cent to Rs 16,563 crore in the second quarter. A year ago, it was Rs 17,394 crore. Its total income has increased marginally to 2.4 lakh crore, the company said on Monday. The total debt has increased to 3.36 lakh crore. Mukesh Ambani, Chairman and Managing Director of the company, said, our performance reflects strong growth in digital services and upstream business.

Net profit of Jio Platforms has increased by 23.4 percent to Rs 6,539 crore. Average monthly earnings from every customer have increased to cross Rs 195. Revenue was 31,709 crore, up 18 per cent.

The company’s profit has increased by 10.5 per cent to Rs 4,235 crore in the second quarter. Revenue increased by 8.21 per cent to Rs 28,862 crore. The company’s results are better than market expectations. India’s third-largest IT company’s July-September 2025 operating revenue rose to Rs 28,862 crore, up 8.2% from a year earlier. On a sequential basis, HCLTech’s second-quarter net profit declined marginally by 0.5%, while revenue grew by about 3 percent on a quarterly basis. HCLTech also declared another interim dividend of Rs 12 per share, bringing the total interim dividend for the financial year so far to Rs 42 per share.

Wholesaling of passenger vehicles in the country declined by one percent to 3,56,752 units in September, 2024. In the same period a year before, 3,61,717 passenger cars were sold. However, wholesale sales of two-wheelers registered a 16 per cent rise.

According to data from the Society of Indian Automobile Manufacturers (SIAM), 20,25,993 two-wheelers were sold last month. In September, 2023, the figure was 17,49,794. Total three-wheeler wholesale sales also increased by seven per cent to 79,683 units. In September, 2023, 74,671 three-wheelers were sold.

SIAM President Shailesh Chandra said, wholesaling of passenger vehicles is expected to grow by 3-5 per cent during the current financial year on the back of strong performance in the festive season. At the beginning of the current financial year, a 5-8 per cent increase in sales was forecast. Chandra said, May and June did not live up to our expectations. However, festive demand looks strong. In the first 12 days of October, the demand for vehicles has been up by 25 per cent.

38 companies have applied for the Phase III Production Based Incentive (PLI) scheme of electronic products. These include Daikin, Voltas and Blue Star among others. This is likely to lead to an investment of 4,121 crore. In the next three years (up to 2028-29), these companies can produce Rs 55,877 crore said Sanjeev, joint secretary of the Department for Promotion of Industry and Internal Trade. This is expected to create direct employment for 47,851 people. Value addition will increase by 80 per cent in the coming years.

Equity investment in real estate has risen 46 percent to $8.9 billion between January and September. According to CBRE data, this is the highest investment ever since 2018.

According to the data, equity investments had been $5.8 billion in calendar year 2018, $6.5 billion in 2019, $6 billion in 2020, $5.9 billion in 2021, $7.8 billion in 2022 and $7.4 billion in 2023. Domestic investors gained ground with about a 79 per cent share of equity investments.

There have been 25 deals in real estate between July and September. They have been valued at $1.4 billion. This is the highest level since the second quarter of FY2023, reports Grant Thornton.