On Monday, Reliance reported a 5 per cent fall in the July-September quarter net profit as weak oil refining and petrochemical business hurt operational performance.

New Delhi: Reliance Industries Ltd’s fiscal second-quarter net profit rose to Rs 16,563 crore, up 9.4 per cent from the preceding quarter. Revenue from operations for India’s most valuable company stood at Rs 2.35 lakh crore in the quarter ended September 30, compared with Rs 2.36 lakh crore a quarter ago.

Following weak quarterly results, the shares of Mukesh Ambani's Reliance Industries has dropped today in the early trade., Markets News - Times Now

Reliance Industries, India's largest company by market value, reported a 3% drop in Q2 FY25 profit due to weak refining margins, despite stable revenue at nearly Rs 2.4 lakh crore. The company emphasized growth in its digital services (Jio) and upstream (oil & gas) businesses to offset O2C business declines.

However, the total income was marginally higher at Rs 2.4 lakh crore from Rs 2.38 lakh crore in July-September 2023.