Reliance Q2 Net Falls 5% On Weak O2C Biz

New Delhi: Reliance Industries Ltd (RIL) on Monday reported a 5 per cent fall in the net profit for the July-September quarter, as weak oil refining and petrochemical business hurt operational performance.

Its consolidated net profit fell to Rs16,563 crore or Rs24.48 per share in July-September - the second quarter of the current fiscal - compared to Rs17,394 crore or Rs25.71 a share in the same period a year back, according to a company filing. The total income was marginally higher at Rs2.4 lakh crore from Rs2.38 lakh crore in July-September 2023.