Reliance Industries reported a 78% jump in consolidated net profit to ₹269.94 billion ($3.14 billion) for the quarter ended 30 June, comfortably ahead of the ₹198.59 billion average analyst estimate. The surge was aided by a one-time gain of ₹89.24 billion from the June divestment of the conglomerate’s stake in Asian Paints, which helped lift other income nearly four-fold to ₹151.19 billion. Core operations also improved. Earnings before interest, taxes, depreciation and amortisation in the oil-to-chemicals division rose 10.8% to ₹145.11 billion as refining margins and petrochemical demand recovered. EBITDA at Jio Platforms, the digital-services arm, climbed 23.9%, while the retail unit recorded 12.7% growth. Within telecom, Jio Infocomm posted a 23.3% increase in net profit on a 16.6% rise in revenue. Reliance said construction of its planned green-energy ‘giga factories’ remains on schedule for completion in four to six quarters and is expected to be self-financing once operational.