New Delhi, April 27 -- Shares of Reliance Industries (RIL) dropped more than 1% on Monday, April 27, following the company, chaired by Mukesh D Ambani, announcing a 12.6% year-on-year (YoY) decline in its consolidated net profit (attributable to company owners) to Rs.16,971 crore for the January-March quarter of the fiscal year 2026 (Q4FY26). In the same quarter of the prior financial year (Q4FY25), the company's profit stood at Rs.19,407 crore.

The oil-to-telecom-to-retail empire led by Mukesh Ambani reported a 12.9% YoY increase in consolidated revenue from operations, amounting to Rs.2,98,621 crore for the March quarter. During this period in FY25, RIL's revenue was Rs.2,64,573 crore.

RIL's gross revenue experienced a 13% YoY rise to...