Mukesh Ambani-led Reliance Industries (RIL), on Friday, reported a net profit of Rs 16,011 crore for the quarter ended June (Q1FY24). This was down nearly 11 per cent year-on-year (YoY) from Rs 17,955 crore, due to weak oil-to-chemical vertical and higher interest and depreciation cost.
In a regulatory filing, the company said, “Revenue from operations fell to Rs 2.1 trillion from Rs 2.22 trillion in the year-ago period and Rs 2.16 trillion in January-March 2023.
Reliance Industries announced dividend of Rs 9 per share.
