{"id":508729,"date":"2022-07-26T09:39:44","date_gmt":"2022-07-26T04:09:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=508729"},"modified":"2022-07-26T10:02:59","modified_gmt":"2022-07-26T04:32:59","slug":"reliance-industries-falls-4-on-lower-than-expected-june-quarter-profit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-falls-4-on-lower-than-expected-june-quarter-profit\/","title":{"rendered":"Reliance Industries falls 4% on lower than expected June quarter profit"},"content":{"rendered":"<p>Shares of Reliance Industries dipped 4 per cent to Rs 2,404 on the BSE in Monday&#8217;s intra-day trade after the company reported lower-than-expected consolidated net profit at Rs 17,955 crore for the quarter ended June 30, 2022 (Q1FY23), up 46.3 per cent over the year-ago period. A poll of analysts by Bloomberg had estimated net profit at Rs 21,615 crore.<\/p>\n<p>The oil-to-telecom conglomerate&#8217;s gross sales for the quarter came in at Rs 2.43 trillion, up 53 per cent over the year-ago period. Consolidated PBIDT (profit before interest, depreciation and tax) jumped 45.9 per cent YoY to Rs 40,244 crore in Q1, beating the estimate of Rs 38,474 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries dipped 4 per cent to Rs 2,404 on the BSE in Monday&#8217;s intra-day trade after the company reported lower-than-expected consolidated net profit at Rs 17,955 crore for the quarter ended June 30, 2022 (Q1FY23), up 46.3 per cent over the year-ago period. A poll of analysts by Bloomberg had estimated net profit at Rs 21,615 crore. The oil-to-telecom conglomerate&#8217;s gross sales for the quarter came in at Rs 2.43 trillion, up 53 per cent over the year-ago period. Consolidated PBIDT (profit before interest, depreciation and tax) jumped 45.9 per cent YoY to Rs 40,244 crore in [&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-508729","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\/508729","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=508729"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/508729\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=508729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=508729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=508729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}