Reliance Industries Logs Lower First-Quarter Net Profit, Higher Revenue
By Mauro Orru
Reliance Industries reported lower net profit for the first quarter of fiscal 2027, but revenue increased thanks to its oil-to-chemicals business.
The Indian conglomerate said Friday that net profit for the quarter to the end of June slipped to 209.46 billion rupees ($2.17 billion) from 269.94 billion rupees a year earlier, above an estimate of 190.04 billion rupees from a poll of analysts by data provider LSEG.
Revenue for the quarter grew to nearly 3.119 trillion rupees from 2.487 trillion rupees a year earlier. Revenue at its oil-to-chemicals business, which accounted for the lion's share of sales, increased to 2.018 trillion rupees from 1.548 trillion rupees.
Earnings before interest and taxes for its oil-to-chemicals segment rose to 141.70 billion rupees from 125.21 billion rupees.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
July 17, 2026 10:12 ET (14:12 GMT)
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