Reliance Industries Reports Sixth Consecutive Quarter of Profit Miss

Despite growth in digital services, Reliance Industries' Q2 earnings fall short due to weak oil-to-chemicals performance.

Reliance Industries' net income dropped 4.8% to 165.6 billion rupees, missing analyst estimates for the sixth straight quarter.
The company's total revenue for Q2 FY25 was 2.35 trillion rupees, showing a slight increase from the previous year.
Weak margins in the oil-to-chemicals sector were a significant factor in the earnings miss, despite robust growth in digital services and upstream business.
Jio, Reliance's telecom arm, saw a 4.2% year-over-year increase in its subscriber base, with ARPU rising by 7.4%.
Reliance shares experienced a slight decline, trading at around 2,734 rupees on the National Stock Exchange.