RIL profit drops 6% in Q1 on weak oil-to-chem showing
RIL’s profit fell to ₹18,258 crore, from ₹19,443 crore. Adjusted for ownership in subsidiaries, consolidated net profit for the quarter attributable to shareholders was ₹16,011 crore, down from ₹17,955 crore a year earlier. The O2C weakness was due to the base effect due to the Ukraine war, said the company.
