Reliance Industries Q2 net drops 3% on weaker refining margin

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.

Oct 15, 2024 - 01:00

Reliance Industries Q2 net drops 3% on weaker refining margin

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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.