Results for: June Quarter

Reliance Industries, owned by Asia’s richest man Mukesh Ambani, experienced a significant decline in its market valuation on Monday. The drop, exceeding Rs 73,470 crore, followed a 5% decrease in the company’s net profit for the June quarter. This decline was attributed to lower fuel cracks and petrochemical margins, despite growth in the telecom and retail sectors.

Indian companies have reported mixed financial results for the June quarter, with revenue growth but a decline in net profits. Excluding BFSI companies, revenue growth was even lower, while profits fell more sharply. This analysis covers 204 BSE-listed companies, with more results expected in the coming weeks.