Reliance Industries profit declines by 15% in 2nd quarter
Image Credit: Shortpedia
Mukesh Ambani’s Reliance Industries’ annual net profit in the quarter ended September 30 declined by 15%. On Friday, Reliance Industries reported that its annual net profit decreased to Rs 9,567 crore. In the corresponding year last year, the company recorded a profit of Rs 11,262 crore. According to Reliance, refining revenue also dipped by 36%. Notably, Reliance Jio’s revenue increased by 33%