Reliance Industries Ltd (RIL) reported a 4% drop in net profit to ₹17,448 crore for Q1, despite a 11.5% increase in sales to ₹2.31 lakh crore.
The decline in profit is attributed to reduced earnings in the oil-to-chemicals business and rising expenses. RIL's performance is closely watched as it reflects broader economic trends in India. Investors are keenly observing how the company navigates these challenges, given its significant impact on the market.