{"id":396947,"date":"2021-01-23T09:16:40","date_gmt":"2021-01-23T03:46:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396947"},"modified":"2021-01-23T09:51:40","modified_gmt":"2021-01-23T04:21:40","slug":"reliance-industries-profit-jumps-12-6-as-costs-fall-revenue-slides-21-on-oil-hit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-profit-jumps-12-6-as-costs-fall-revenue-slides-21-on-oil-hit\/","title":{"rendered":"Reliance Industries profit jumps 12.6% as costs fall; revenue slides 21% on oil hit"},"content":{"rendered":"<p>Reliance Industries Ltd&#8217;s profit climbed 12.6% in the last three months of 2020 as its expenses fell, even as the Indian conglomerate recorded a sharp drop in revenue at its dominant oil-to-chemicals business. <\/p>\n<p>Reliance said on Friday its consolidated profit rose to 131.01 billion rupees ($1.79 billion) in the quarter ended December 31 from 116.40 billion rupees a year earlier. <\/p>\n<p>Analysts on average had expected a profit of 110.09 billion rupees, according to IBES data from Refinitiv. <\/p>\n<p>Reliance, which operates the world&#8217;s largest refining complex, said revenue from the oil-to-chemicals division fell nearly 30% in the quarter from a year earlier. The business houses Reliance&#8217;s oil refining and petrochemicals operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd&#8217;s profit climbed 12.6% in the last three months of 2020 as its expenses fell, even as the Indian conglomerate recorded a sharp drop in revenue at its dominant oil-to-chemicals business. Reliance said on Friday its consolidated profit rose to 131.01 billion rupees ($1.79 billion) in the quarter ended December 31 from 116.40 billion rupees a year earlier. Analysts on average had expected a profit of 110.09 billion rupees, according to IBES data from Refinitiv. Reliance, which operates the world&#8217;s largest refining complex, said revenue from the oil-to-chemicals division fell nearly 30% in the quarter from a year [&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":[146,130,177],"tags":[],"class_list":["post-396947","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396947","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=396947"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396947\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}