{"id":629763,"date":"2024-01-20T11:06:30","date_gmt":"2024-01-20T05:36:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=629763"},"modified":"2024-01-20T13:14:07","modified_gmt":"2024-01-20T07:44:07","slug":"lower-price-realisation-inspection-shutdown-hit-rils-oil-biz","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lower-price-realisation-inspection-shutdown-hit-rils-oil-biz\/","title":{"rendered":"Lower price realisation, \u2018inspection shutdown\u2019 hit RIL\u2019s oil biz"},"content":{"rendered":"<p>New Delhi: Reliance Industries Limited (RIL) on Friday reported a consolidated net profit of Rs 17,265 crore for the quarter ended December 31, posting a year-on-year (YoY) growth of 9.3%, but marginally lower than the previous quarter as \u201cinspection shutdown\u201d and lower price realisation on its oil business hit earnings.<\/p>\n<p>The company\u2019s revenue from oil-to-chemicals business declined by 2.4% YoY to Rs 1.41 lakh crore ($17 billion) in the third quarter of the current financial year.<\/p>\n<p>Oil-to-chemicals is the biggest contributor to Mukesh Ambani-led Reliance Industries Limited. Despite the decline, it accounted for nearly 57% of the company\u2019s consolidated revenue of Rs 2.48 lakh crore (29.8 billion) recorded during the quarter under review.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: Reliance Industries Limited (RIL) on Friday reported a consolidated net profit of Rs 17,265 crore for the quarter ended December 31, posting a year-on-year (YoY) growth of 9.3%, but marginally lower than the previous quarter as \u201cinspection shutdown\u201d and lower price realisation on its oil business hit earnings. The company\u2019s revenue from oil-to-chemicals business declined by 2.4% YoY to Rs 1.41 lakh crore ($17 billion) in the third quarter of the current financial year. Oil-to-chemicals is the biggest contributor to Mukesh Ambani-led Reliance Industries Limited. Despite the decline, it accounted for nearly 57% of the company\u2019s consolidated revenue [&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":[146,130,177],"tags":[],"class_list":["post-629763","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/629763","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=629763"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/629763\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=629763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=629763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=629763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}