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Reliance Industries reported an 8.1% fall in March quarter net profit, hurt by Middle East-driven pressure on its oil and energy business. Full-year profit still rose 18.5%, with Jio Platforms and Reliance Retail both posting strong growth.
Reliance Industries posted a quarterly profit decline, with the Iran conflict cited as a contributing factor. The result matters because Reliance is heavily weighted in Indian indices and its refining margins are sensitive to Middle East supply disruptions. Full earnings details will clarify how much the energy segment
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Reliance Industries reported an 8.1% fall in March quarter net profit, hurt by Middle East-driven pressure on its oil and energy business. Full-year profit still rose 18.5%, with Jio Platforms and Reliance Retail both posting strong growth.
1mo ago · 2 min · Markets
Reliance Industries posted a quarterly profit decline, with the Iran conflict cited as a contributing factor. The result matters because Reliance is heavily weighted in Indian indices and its refining margins are sensitive to Middle East supply disruptions. Full earnings details will clarify how much the energy segment
2mo ago · 1 min · Markets
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