Is RIL’s strong profit growth sustainable amid rising capital expenditure?

Reliance Industries reported strong operating profit growth in the June quarter, driven by oil marketing, retail, and digital services. Excluding a one-time gain, operating profit and net profit grew by 15% and 25% respectively. The company saw growth in its O2C business, telecom subscriber base, and retail segment, with Motilal Oswal reiterating a “buy” rating on the stock.

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