Reliance Industries posts record quarterly net profit of ₹29,550 crore, up 34%, on O2C strength

Reliance's record quarterly profit, up 34% to ₹29,550 crore, with O2C EBITDA surging 68% on gasoline cracks nearly tripling to $24.9/bbl, signals robust refining margins and elevated energy-price tailwinds. As the heaviest Nifty 50 constituent, the beat supports Indian equity sentiment and index derivatives, though softer retail performance tempers the read-through. Refining spreads remain the key swing factor for follow-through. Disclaimer: this is market commentary, not investment advice.