[ad_1] Reliance Industries Ltd., the Mukesh Ambani-owned oil-to-telecom-to-retail conglomerate reported results after market hours on Monday, October 14. The company’s net profit was better than expectations, while the O2C business continues to be under pressure due to the lower petchem margins. While the Oil & Gas business did well, the consumer business was soft, even […]
Reliance Industries Q2 results: Oil & gas revenue declines 6%, EBITDA up 11% with upbeat margin – CNBC TV18
[ad_1] Reliance Industries on Monday reported a 6% yearly decline in revenue from its Oil & Gas business to ₹6,222 crore in the second quarter. The company had reported a revenue of ₹6,620 crore for the segment, which encompasses exploration, development, and production of crude oil and natural gas, a year ago. However, Earnings before […]
Reliance Industries O2C Results: Profit declines amid margin pressures – CNBC TV18
[ad_1] Reliance Industries on Monday reported a 5.1% increase in O2C (Oil to Chemicals) revenue, reaching ₹1.56 lakh crore compared to ₹1.48 lakh crore last year. However, EBITDA plummeted 23.8% to ₹12,413 crore, while the EBITDA margin fell to 8% from 11%, due to the ongoing margin pressures faced by the sector amid rising costs […]