Reliance Q1 profit drops 5% to ₹15,138 crore
Revenue from operations rose 12% to ₹236,217 crore in the first quarter.
Revenue from operations rose 12% to ₹236,217 crore in the first quarter.
RIL's market cap has eroded by ₹2.27 lakh crore in the last three trading days after hitting all-time high of ₹19.21 lakh crore in intraday trade on July 19.
Reliance Industries' revenue from operations dropped 5.3% year-on-year to ₹2.11 lakh crore for the first quarter
Billionaire Mukesh Ambani-led conglomerate is expected to report muted earnings in the first quarter of FY24 due to decline in its oil-to-chemical (O2C) business.
Investors rushed to buy RIL shares amid hope that it would unlock value for shareholders post demerger of Jio Financial Services.
RIL’s Q1 consolidated net profit surges 46.3% YoY to ₹17,955 crore; earnings missed estimates due to higher expenses