Reliance Q2 Net Profit Falls 5% on Weak O2C Business

Oct 14, 2024 19:12

Reliance Industries Ltd reported a 5% decline in net profit for the July-September quarter, attributed to a weak oil refining and petrochemical business. The company's consolidated net profit fell to Rs 16,563 crore.

New Delhi, Oct 14 (PTI) Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.

Its consolidated net profit fell to Rs 16,563 crore or Rs 24.48 per share in July-September - the second quarter of the current fiscal - compared to Rs 17,394 crore or Rs 25.71 a share in the same period a year back, according to a company filing.

The total income was marginally higher at Rs 2.4 lakh crore from Rs 2.38 lakh crore in July-September 2023.

Source: PTI

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Reliance Q2 Net Profit Falls 5% on Weak O2C Business

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