Reliance reports 5% fall in Q2 net profit on weak O2C businessThe total income was marginally higher at Rs 2.4 lakh crore from Rs 2.38 lakh crore in July-September 2023.
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New Delhi: Reliance Industries Ltd on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.
Its consolidated net profit fell to Rs 16,563 crore or Rs 24.48 per share in July-September - the second quarter of the current fiscal - compared to Rs 17,394 crore or Rs 25.71 a share in the same period a year back, according to a company filing.
The total income was marginally higher at Rs 2.4 lakh crore from Rs 2.38 lakh crore in July-September 2023.