Reliance Industries (RIL) shares fell 3% to Rs 3,018.65 on the BSE during intraday trading on Monday following the company’s report of a 5.5% YoY fall in consolidated profit to Rs 15,138 crore for the April–June 2024–2025 quarter (Q1FY25). The firm stated that increases in the consumer (retail and telecom) and oil and gas upstream sectors were offset by challenges in its oil-to-chemicals (O2C) division and increased depreciation costs.
Over the last two trading days, the market price of the nation’s most valuable company in terms of market capitalization has decreased by 5%. It fell 6% from the all-time high of Rs 3,217.90 reached on July 8. As of 10:04 am, RIL fell by 2.8%, while the BSE Sensex had decreased by just 0.03%.
RIL’s revenue for the review quarter was Rs 2.32 trillion, up 11.7% YoY, mostly due to growth in consumer businesses and rising oil prices. At Rs 42,749 crore, consolidated profit before interest, depreciation and taxes (PBIDT) increased by 2% year over year.
Reliance Industries shares were down 2.67% at ₹3027.15 on the NSE as of 10:57 AM.
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