{"id":592666,"date":"2023-07-22T11:23:16","date_gmt":"2023-07-22T05:53:16","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=592666"},"modified":"2023-07-22T11:23:16","modified_gmt":"2023-07-22T05:53:16","slug":"ril-profit-drops-6-in-q1-on-weak-oil-to-chem-showing","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-profit-drops-6-in-q1-on-weak-oil-to-chem-showing\/","title":{"rendered":"RIL profit drops 6% in Q1 on weak oil-to-chem showing"},"content":{"rendered":"<p>Mumbai: Reliance Industries Ltd (RIL), India&#8217;s biggest company by market capitalisation, reported a 6% drop in consolidated profit in the June quarter from the year earlier on account of a weak oil-to-chemicals (O2C) performance as well as higher finance costs and increased depreciation.<\/p>\n<p>Earnings were bolstered by Reliance Retail posting an 18.8% rise in profit, while that of Jio Platforms Ltd was up 12.5% for the quarter on-year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Reliance Industries Ltd (RIL), India&#8217;s biggest company by market capitalisation, reported a 6% drop in consolidated profit in the June quarter from the year earlier on account of a weak oil-to-chemicals (O2C) performance as well as higher finance costs and increased depreciation. Earnings were bolstered by Reliance Retail posting an 18.8% rise in profit, while that of Jio Platforms Ltd was up 12.5% for the quarter on-year.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-592666","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592666","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=592666"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/592666\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=592666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=592666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=592666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}