{"id":381378,"date":"2020-10-31T08:55:30","date_gmt":"2020-10-31T03:25:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381378"},"modified":"2020-10-31T09:32:30","modified_gmt":"2020-10-31T04:02:30","slug":"rils-net-profit-falls-15-to-rs-9567-cr-in-q2-on-weak-oil-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rils-net-profit-falls-15-to-rs-9567-cr-in-q2-on-weak-oil-business\/","title":{"rendered":"RIL&#8217;s net profit falls 15% to Rs 9,567 cr in Q2 on weak oil business"},"content":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom.<\/p>\n<p>Consolidated net profit attributable to owners at Rs 9,567 crore in July-September compared with Rs 11,262 crore a year back, Reliance said in a stock exchange filing.<\/p>\n<p>A plunge in fuel demand after the raging pandemic forced people to stay home and stifled the economy dealt a body blow to the firm&#8217;s traditional cash cow oil refining and petrochemicals, even as consumer-facing businesses, which account for 35 per cent of the oil-to-telecom-to-retail conglomerate&#8217;s revenues, continued to do well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani&#8217;s Reliance Industries Ltd on Friday reported a 15 per cent drop in second quarter net profit after the pandemic-hit oil demand dragged down continued good showing in consumer-facing businesses such as telecom. Consolidated net profit attributable to owners at Rs 9,567 crore in July-September compared with Rs 11,262 crore a year back, Reliance said in a stock exchange filing. A plunge in fuel demand after the raging pandemic forced people to stay home and stifled the economy dealt a body blow to the firm&#8217;s traditional cash cow oil refining and petrochemicals, even as consumer-facing businesses, which account [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-381378","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=381378"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381378\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}