Reliance Q1 profit beats estimates at Rs 23,001 crore on strong refining, Jio growth
Reliance Industries Ltd beat analyst estimates with profit after tax reaching ₹23,001 crore in the first quarter as strong refining margins and steady growth across its consumer technology unit overshadowed disruptions from the West Asia energy crisis.
On a year-on-year basis, the company had reported a profit of ₹30,681 crore a year ago, backed by a one-time gain of ₹8,619 crore from the sale of RIL’s stake in Asian Paints.
