{"id":612943,"date":"2023-10-27T21:23:28","date_gmt":"2023-10-27T15:53:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612943"},"modified":"2023-10-27T21:23:28","modified_gmt":"2023-10-27T15:53:28","slug":"reliance-industries-second-quarter-profit-misses-on-fall-in-fuel-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-second-quarter-profit-misses-on-fall-in-fuel-prices\/","title":{"rendered":"Reliance Industries second-quarter profit misses on fall in fuel prices"},"content":{"rendered":"<p>India&#8217;s most valuable company Reliance Industries reported a quarterly profit on Friday that missed estimates as its mainstay oil-to-chemicals (O2C) business was hurt by lower price realisation for refined fuel products.<\/p>\n<p>The Mukesh Ambani-led conglomerate said its consolidated profit rose to 173.94 billion Indian rupees ($2.09 billion) in the second quarter ended Sept. 30, from 136.56 billion rupees a year earlier.<\/p>\n<p>Analysts had expected a profit of 184.63 billion rupees, according to LSEG data.<\/p>\n<p>The company posted lower margins following a fall in refined fuel prices. ($1 = 83.2325 Indian rupees) (Reporting by Sethuraman NR in Bengaluru; Editing by Shounak Dasgupta)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s most valuable company Reliance Industries reported a quarterly profit on Friday that missed estimates as its mainstay oil-to-chemicals (O2C) business was hurt by lower price realisation for refined fuel products. The Mukesh Ambani-led conglomerate said its consolidated profit rose to 173.94 billion Indian rupees ($2.09 billion) in the second quarter ended Sept. 30, from 136.56 billion rupees a year earlier. Analysts had expected a profit of 184.63 billion rupees, according to LSEG data. The company posted lower margins following a fall in refined fuel prices. ($1 = 83.2325 Indian rupees) (Reporting by Sethuraman NR in Bengaluru; Editing by Shounak [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-612943","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612943","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=612943"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612943\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}