Reliance Industries Limited (RIL) reported its Q2 earnings on October 14, revealing a net profit of ₹16,563 crore, which marks a 5% decline year-over-year but surpasses market expectations. Analysts had anticipated weaker results, particularly in the oil-to-chemical (O2C) and retail segments. Following the announcement, RIL's shares fell nearly 1%, reaching an eight-month low, and erasing over ₹38,000 crore in market value. In contrast, Sterling and Wilson Renewable Energy reported a net profit of ₹7 crore, recovering from a loss of ₹54.2 crore in the same quarter last year. The company's revenue increased by 36% to ₹1,030.5 crore, and it achieved an EBITDA of ₹18.1 crore, compared to ₹1.1 crore a year earlier. Sterling and Wilson's order backlog has now surpassed ₹10,500 crore, indicating a positive outlook amidst the broader market's cautious sentiment towards RIL's performance.