Reliance Industries Q2 Profit Beats Expectations at 209.5B Rupees Despite 22% YoY Decline

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According to an exchange filing on Friday, Reliance Industries' net profit for the quarter ended June 30 reached 209.5 billion rupees (approximately $2.2 billion), surpassing Bloomberg's consensus estimate of 198.23 billion rupees. The 22% year-over-year decline reflects comparison with the prior-year period, which benefited from one-time gains related to the company's stake sale in Asian Paints Ltd.
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