RIL Q1 profit declines 22% due to stake sale
after close1 source ↓written by the desknot a recommendation
- in consolidated net
- 22% drop
Reliance Industries reported a 22% drop in consolidated net profit for Q1, totaling ₹8,924 cr. This decline is primarily due to the absence of a one-time gain from the previous year's sale of its Asian Paints stake. Despite this, the company's core operations in oil-to-chemicals, retail, and digital services showed stable performance amid a challenging macroeconomic backdrop.
Not investment advice. For informational purposes only.