India News | Reliance Industries Q1 Net Drops 7 Pc on COVID Hit to Retail Business
Get latest articles and stories on India at LatestLY. Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections.
New Delhi, Jul 23 (PTI) Reliance Industries Ltd on Friday reported a 7 per cent drop in its June quarter net profit as retail business got hit by the second wave of COVID infections.
Consolidated net profit of Rs 12,273 crore in April-June compared with Rs 13,233 crore a year, the company said in stock exchange filing.
Revenue from operations rose to Rs 144,372 crore from Rs 91,238 crore.
While oil-to-chemical (O2C) business rebounded, retail business took a hit from the second wave of the pandemic.
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