Hurt by higher expenses, Reliance net drops 7 per cent in Q1
NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as higher expenses negated smart gains across businesses from O2C to telecom and retail.
Consolidated net profit of Rs 12,273 crore in April-June compared with Rs 13,233 crore a year ago, the company said in a statement.
