RIL Q1 profit declines 22% due to stake sale
pre-market1 source ↓written by the desknot a recommendation
- in consolidated net
- 22% drop
- one-time gain
- ₹8,924 cr
Reliance Industries reported a 22% drop in consolidated net profit for Q1, primarily due to the absence of a ₹8,924 cr one-time gain from the sale of its Asian Paints stake last year. Despite this decline, the company’s operating performance remained stable, with steady contributions from its oil-to-chemicals, retail, and digital services segments. Revenue and EBITDA showed resilience amid challenging global conditions.
Not investment advice. For informational purposes only.