RIL Reports 10% Growth in Q2 Net Profit; HDFC Bank and ICICI Bank also Post Healthy Results

Reliance Industries Ltd (RIL) has reported a 10% year-on-year growth in its consolidated net profit for the second quarter of FY26, reaching Rs 18,165 crore. The company's revenue from operations also saw a 10% increase to Rs 2.59 lakh crore. This strong performance by the conglomerate is in line with the positive results posted by other financial heavyweights. HDFC Bank reported a 10.8% YoY growth in its standalone net profit at Rs 18,641.28 crore, while ICICI Bank's profit after tax grew by 5.2% to Rs 12,359 crore. These robust quarterly earnings from key players in the Indian market have contributed to a positive market sentiment and are expected to drive market direction in the coming weeks.