{"id":427307,"date":"2021-07-24T11:34:20","date_gmt":"2021-07-24T06:04:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=427307"},"modified":"2021-07-24T12:36:20","modified_gmt":"2021-07-24T07:06:20","slug":"reliance-industries-profit-slips-over-7-to-rs-12273-crore-in-q1","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-profit-slips-over-7-to-rs-12273-crore-in-q1\/","title":{"rendered":"Reliance Industries profit slips over 7% to Rs 12,273 crore in Q1"},"content":{"rendered":"<p>NEW DELHI: Oil-to-telecom conglomerate Reliance Industries Ltd posted a 7.25 per cent fall in first-quarter profit on Friday, hurt by higher expenses as retail business got hit by the second wave of Covid-19 infections. <\/p>\n<p>The company, owned by Mukesh Ambani, said consolidated profit fell to Rs 12,273 crore ($1.65 billion) in the quarter ended June 30, from Rs 13,233 crore a year earlier. <\/p>\n<p>Total expenses surged 50 per cent to Rs 1.31 lakh crore as tax expenses soared to Rs 3,464 crore. <\/p>\n<p>The year-ago results had benefited from a one-time gain on the company&#8217;s investment in British oil major BP. <\/p>\n<p>RIL&#8217;s consolidated revenue from operations stood at Rs 1.44 lakh crore as against Rs 91,238 crore last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Oil-to-telecom conglomerate Reliance Industries Ltd posted a 7.25 per cent fall in first-quarter profit on Friday, hurt by higher expenses as retail business got hit by the second wave of Covid-19 infections. The company, owned by Mukesh Ambani, said consolidated profit fell to Rs 12,273 crore ($1.65 billion) in the quarter ended June 30, from Rs 13,233 crore a year earlier. Total expenses surged 50 per cent to Rs 1.31 lakh crore as tax expenses soared to Rs 3,464 crore. The year-ago results had benefited from a one-time gain on the company&#8217;s investment in British oil major BP. [&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":[130,219,137],"tags":[],"class_list":["post-427307","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427307","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=427307"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/427307\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=427307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=427307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=427307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}