Reliance Industries Ltd (RIL) reported a slight decline in its net profit for the March quarter, while its revenue from operations witnessed a significant surge. The company’s consolidated net profit for the quarter stood at Rs 18,951 crore, representing a 1.80% year-on-year (YoY) decrease from the Rs 19,299 crore reported in the corresponding quarter last year. However, RIL’s consolidated revenue from operations rose by 11.3% YoY to Rs 2,40,715 crore, compared to Rs 2,16,265 crore in the same quarter last year. The company’s EBITDA for the quarter also grew by 14.3% YoY to Rs 47,150 crore, while its EBITDA margin came in at 17.8%, a rise of 50 basis points over the 17.3% reported in the year-ago quarter. RIL’s board of directors declared a dividend of Rs 10 per share for the financial year 2023-24. The company’s strong performance was attributed to its key businesses, including Jio, Reliance Retail, and the oil and gas segment. Jio’s EBITDA increased by 12.5% YoY, while Reliance Retail continued to perform well with its omni-channel presence. The oil and gas segment also witnessed a significant increase in its EBITDA, primarily driven by higher gas and condensate production from the KG D6 block.