Mukesh Ambani-led Reliance industries (RIL) today posted a 7 per cent increase in net profit at Rs 10,141 crore for the first quarter ended June. The company had reported a net profit of Rs 9,485 crore in the corresponding quarter a year ago.
Ambani, Chairman and Managing Director, said the firm’s first quarter earnings were strong despite weak global macroeconomic environment and challenging hydrocarbon market conditions.
“Our downstream businesses delivered resilient performance in an environment of slower demand growth and incremental supplies. The performance reflects the benefits of deep refining and petrochemicals integration, chain economics and feedstock flexibility,” he said. Read More
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