RIL Q1 takeaways: Petchem, Jio come to aid as retail ops suffer sequentially
MUMBAI: Reliance Industries NSE -0.71 % reported a sturdy performance for the quarter ended June despite challenges posed by the second wave of Covid-19 pandemic for its retail and refining businesses.
While the company’s consolidated net profit declined over 7 per cent year-on-year due to significant rise in tax expenses, it still managed to beat Street’s estimate. The topline of the company saw strong 58 per cent year-on-year growth aided by the low base of the year-ago quarter.
