Reliance Industries Q1 results highlights: Profit hits record Rs 9,459 cr; earnings from petchem business nearly double
The Mukesh Ambani led company reported a record Rs 9,459 crore net profit in April-June on the back of near doubling of earnings from mainstay petrochemical business. Ambani reacted by saying: "Our petrochemicals business generated record EBITDA with strong volumes and an upswing in polyester chain margins. Refining business performance remained steady despite the seasonal weakness in cracks."
Reliance Industries Q1 results highlights: Profit hits record Rs 9,459 cr; earnings from petchem business nearly double. Image source: Reuters