Reliance Industries (RIL) reports that its June-quarter profit falls 25% year-on-year to about ₹23,000 crore, even as revenue from operations increases 25% and crosses ₹3 lakh crore. Both outlets attribute the revenue growth to stronger performance in the oil-to-chemicals segment and gains from Jio’s digital services. In oil-to-chemicals, segment revenue rises more than 30% amid market volatility. Times of India notes that Jio’s earnings improve, supported by subscriber growth and higher average revenue per user, contributing to overall results. Economic Times adds that Jio Platforms records its first profit decline linked to the capitalization of 5G assets. RIL’s retail business shows mixed performance: Economic Times says Reliance Retail net profit declines while revenue grows, and Times of India reports that retail and oil and gas divisions show stable or slightly varied EBITDA. The company also retains a strong cash position to meet net debt obligations, according to Times of India.
Reliance Industries Q1 profit declines 25% as revenue from operations rises 25%
Reliance Industries (RIL) reports that its June-quarter profit falls 25% year-on-year to about ₹23,000 crore, even as revenue from operations increases 25% and crosses ₹3 lakh crore. Both outlets attr...
- Reliance Industries’ June-quarter profit declines 25% year-on-year to about ₹23,000 crore.
- Revenue from operations increases 25% year-on-year, crossing ₹3 lakh crore.
- Oil-to-chemicals revenue rises by over 30%, with growth occurring amid market volatility.
- Jio digital services supports results, helped by subscriber growth and higher ARPU.
- Reliance Retail net profit declines while revenue increases, with oil and gas/retail EBITDA reported as stable or slightly varied.
Reliance Industries saw a twenty-five percent profit drop in the June quarter. Revenue from operations increased twenty-five percent, crossing three lakh crore rupees. Reliance Retail's net profit declined fourteen percent while revenue grew eight percent. The oil-to-chemicals segment revenue rose over thirty percent amid market volatility. Jio Platforms reported its first profit decline due to 5G asset capitalization.
4 hours agoReliance Industries saw a 25% profit decline, yet revenue grew significantly. Strong performances from oil-to-chemicals and Jio digital services boosted overall results. Jio's earnings climbed, supported by subscriber growth and increased average revenue per user. Retail and oil and gas divisions showed stable or slightly varied ebitda figures. The company maintains a healthy cash balance to cover its net debt obligations.
10 hours ago
Trump threatens Canada with tariffs over wildfire smoke affecting U.S. cities
President Donald Trump says he will impose or increase tariffs on Canada, blaming the Canadian government for unhealthy...
AI chip and tech stocks fall as investors question spending and chip demand outlook
U.S. and global markets drop as investors sell off AI- and semiconductor-related stocks. Multiple outlets report sharp d...
Chile’s IPSA moves with copper and the dollar amid shifting risk sentiment
Chile’s benchmark IPSA shows choppy trading over multiple sessions, with moves largely tied to copper prices, the U.S. d...