RIL profit slips over 7% to Rs 12,273 crore in Q1
Oil-to-telecom conglomerate Reliance Industries Ltd posted a 7.25 per cent fall in first-quarter profit on Friday, hurt by higher expenses. The company, owned by Mukesh Ambani, said consolidated profit fell to Rs 12,273 crore ($1.65 billion) in the quarter ended June 30, from Rs 13,233 crore a year earlier.
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Oil-to-telecom conglomerate Reliance Industries Ltd posted a 7.25 per cent fall in first-quarter profit on Friday, hurt by higher expenses. The company, owned by Mukesh Ambani, said consolidated profit fell to Rs 12,273 crore ($1.65 billion) in the quarter ended June 30, from Rs 13,233 crore a year earlier.
