{"id":531360,"date":"2022-10-25T09:29:59","date_gmt":"2022-10-25T03:59:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=531360"},"modified":"2022-10-25T09:54:15","modified_gmt":"2022-10-25T04:24:15","slug":"windfall-tax-impact-reliance-net-profit-flat-in-q2-at-rs-13656-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/windfall-tax-impact-reliance-net-profit-flat-in-q2-at-rs-13656-crore\/","title":{"rendered":"Windfall tax impact: Reliance net profit flat in Q2 at Rs 13,656 crore"},"content":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company\u2019s owners) of Rs 13,656 crore for the quarter ended September 30, 2022 (Q2).<\/p>\n<p>This was almost flat over the year-ago period figure of Rs 13,680 crore, but fell well short of expectations.<\/p>\n<p>A poll of analysts by Bloomberg had pegged net profit at Rs 14,457 crore for Q2 of 2022-23.<\/p>\n<p>The oil-to-telecom conglomerate\u2019s gross sales for the quarter came in at Rs 2.53 trillion, up 32 per cent over the year-ago period.<\/p>\n<p>Excluding goods and services tax and excise duty, net sales surged 37.3 per cent year-on-year to Rs 2.3 trillion for the reported quarter, marginally above the street estimate of Rs 2.25 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit (attributable to the company\u2019s owners) of Rs 13,656 crore for the quarter ended September 30, 2022 (Q2). This was almost flat over the year-ago period figure of Rs 13,680 crore, but fell well short of expectations. A poll of analysts by Bloomberg had pegged net profit at Rs 14,457 crore for Q2 of 2022-23. The oil-to-telecom conglomerate\u2019s gross sales for the quarter came in at Rs 2.53 trillion, up 32 per cent over the year-ago period. Excluding goods and services tax and excise duty, net sales surged 37.3 [&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-531360","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\/531360","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=531360"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/531360\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=531360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=531360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=531360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}