RIL's June quarter earnings drops 5.45% due to a sluggish oil-to-chemicals division.
RIL's total revenue increased from Rs 214,644 crore to Rs 240,200 crore in the June 2024 quarter, representing an 11.90% increase.
Due to sluggish O2C business and greater depreciation, Reliance Industries Ltd. (RIL) reported a 5.45% decline in net profit at Rs 15,138 crore for the quarter ended June 2024 compared to Rs 16,011 crore for the same period last year. Net profit decreased sequentially from Rs 18,951 crore in the March 2024 quarter by 20.12%.
RIL's total revenue increased from Rs 214,644 crore to Rs 240,200 crore in the June 2024 quarter, representing an 11.90% increase.
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