On Friday, RIL reported its Q1FY24 scorecard which showed its consolidated revenue and profit declined during the quarter because of the weak show of O2C (oil-to-chemical) business.
Reliance Q1 results: Reliance Industries reported a net profit of ₹16,011 crore, down 10.8 per cent, compared to ₹17,955 crore in the corresponding period last year. The gross revenue from operations during the first quarter of the current fiscal came in at ₹231,132 crore, reporting a decline of 4.6 per cent, compared to ₹242,529 crore in the year-ago period.
Its earnings before interest, taxes, depreciation, and amortization (EBITDA) during the June quarter stood at ₹38,093 crore, compared to ₹37,997 crore in the year-ago period. The company’s overall growth was offset by O2C performance despite steady growth in retail and…
