RIL Q1 results: Net profit down 5.5% at Rs 15,138 crore on weak O2C biz

Oil to telecom conglomerate Reliance Industries (RIL) reported a 5.5 per cent year-on-year (Y-o-Y) decline in its consolidated net profit (attributable to the owners of the company) for the quarter ended June 2024 (Q1 FY25).

For the quarter under review, RIL reported a net profit of Rs 15,138 crore and revenue of Rs 2.31 trillion, up 11.7 per cent from a year ago. Growth in revenue,…