Following weak quarterly results, the shares of Mukesh Ambani's Reliance Industries has dropped today in the early trade.

Shares of Reliance Industries Ltd fell by over 1% after reporting a net profit decline of 5% in the July-September quarter due to weak oil refining and petrochemical sectors. Consolidated net profit dropped to Rs 16,

Reliance Jio's net profit surged 23.2% year-on-year, reaching ₹6,231 Crore, while revenue increased by 14.5%, rising to ₹28,338 Crore.

Out of the 37 analysts that have coverage on Reliance Industries, 28 of them have a "buy" recommendation on the stock, six of them say "hold", while three have a "sell" recommendation.

Reliance Industries, India's largest company by market value, reported a 3% drop in Q2 FY25 profit due to weak refining margins, despite stable revenue at nearly Rs 2.4 lakh crore. The company emphasized growth in its digital services (Jio) and upstream (oil & gas) businesses to offset O2C business declines.

Reliance Industries Ltd, India's most valuable company, on Monday reported a 5 per cent fall in the July-September quarter net profit as weak oil refining and petrochemical business hurt operational p

Mukesh Ambani -led Reliance Industries Ltd (RIL) on Tuesday reported its financial results for the second quarter of FY25, posting a net profit of Rs 16,563 crore, down 4.77 per cent from Rs 17,394 crore reported in the year-ago period.