Reliance Industries Q3FY23 Profit Falls 15% YoY To Rs 15,792 Cr

Reliance Industries on Friday reported a 15 per cent year-on-year (YoY) slump in its consolidated net profit at Rs 15,792 crores compared to a profit of Rs 18,549 crore in the same quarter last year.

Its revenuer from operations increases 15.3 per cent YoY to Rs 2.20 lakh crore.

Sequentially, however, its profit grew 15.6 per cent as in Q2FY23, it had record a consolidated net profit of Rs 13,656 crore.

Its revenue from operations fell 5.3 per cent sequentially as in the second quarter of the fiscal, it had come in at Rs 2.32 lakh crore.

More to come..