Reliance Industries profit falls 5% in Q2 of FY25; oil-to-chemical segment under pressure, Jio shines

Billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) on Monday reported a near 5% drop in its consolidated net profit during the second quarter of the financial year 2024-25 (Q2FY25) as the company’s mainstay oil-to-chemical (O2C) segment was hit by falling prices and lower demand.

During the September quarter, RIL’s net profit came down to Rs 16,563 crore as against Rs 17,394 crore in the year-ago period. The firm’s total revenue from operations remained almost flat year-on-year to 235,481 crore.