E-Paper
Reliance Industries' second quarter profit hit by windfall tax
The profit fell 24 per cent quarter-on-quarter.
Published on: Oct 21, 2022, 20:07:45 IST
Share via
Copy link
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a flattish net profit for the September quarter after a newly introduced windfall profit tax dented mainstay oil earnings.
The oil-to-retail-to-telecom conglomerate's consolidated profit of ₹13,656 crore during July-September - the second quarter of the 2022-23 fiscal year - compared to ₹13,680 crore in the year-ago period, it said in a stock exchange filing.
The profit fell 24 per cent quarter-on-quarter.
The group's retail and telecom businesses saved the day with bumper earnings.
Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator
