{"id":592559,"date":"2023-07-22T09:39:38","date_gmt":"2023-07-22T04:09:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=592559"},"modified":"2023-07-22T10:14:56","modified_gmt":"2023-07-22T04:44:56","slug":"ril-q1-results-net-profit-declines-11-to-rs-16011-cr-on-weak-o2c-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-q1-results-net-profit-declines-11-to-rs-16011-cr-on-weak-o2c-biz\/","title":{"rendered":"RIL Q1 results: Net profit declines 11% to Rs 16,011 cr on weak O2C biz"},"content":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL), on Friday, reported a net profit of Rs 16,011 crore for the quarter ended June (Q1FY24). This was down nearly 11 per cent year-on-year (YoY) from Rs 17,955 crore, due to weak oil-to-chemical vertical and higher interest and depreciation cost. <\/p>\n<p>In a regulatory filing, the company said, \u201cRevenue from operations fell to Rs 2.1 trillion from Rs 2.22 trillion in the year-ago period and Rs 2.16 trillion in January-March 2023.<\/p>\n<p>Reliance Industries announced dividend of Rs 9 per share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL), on Friday, reported a net profit of Rs 16,011 crore for the quarter ended June (Q1FY24). This was down nearly 11 per cent year-on-year (YoY) from Rs 17,955 crore, due to weak oil-to-chemical vertical and higher interest and depreciation cost. In a regulatory filing, the company said, \u201cRevenue from operations fell to Rs 2.1 trillion from Rs 2.22 trillion in the year-ago period and Rs 2.16 trillion in January-March 2023. Reliance Industries announced dividend of Rs 9 per share.<\/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-592559","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\/592559","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=592559"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592559\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=592559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=592559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=592559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}