Reliance Industries Q1 Results

Reliance Q1 Results LIVE: Reliance Industries (RIL), the billionaire Mukesh Ambani-led energy-to-telecom conglomerate, announced its Q1 results post-market trading hours on Friday, wherein it posted a sharp 78% YoY rise in its consolidated net profit to a record ₹26,994 crore. The gains were driven by strong operational performance and gains on the sale of investment in Asian Paints to the tune of ₹8,924 crore. Excluding that RIL's Q1 profit was higher by 25%. Meanwhile, its gross revenue increased by 6% YoY to ₹273,252 crore, while its EBITDA was higher by 35.7% YoY to 58,024 crore.