Reliance Q1 results, July 17 -- Mukesh Ambani-led oil-to-telecom-to-retail conglomerate, Reliance Industries (RIL), on Friday, 17 July, reported a 22.40% year-on-year (YoY) fall in its consolidated net profit (attributable to owners of the company) to Rs.20,946 crore for the April-June quarter of the financial year 2026-27 (Q1FY27).

In the corresponding quarter of the previous financial year, the company's profit was Rs.26,994 crore.

However, sequentially, or on a quarter-on-quarter (QoQ) basis, RIL's Q1FY27 profit rose by 23.42% from Rs.16,971 crore in Q4FY26.

The year-on-year profit was impacted by a high base, as the corresponding quarter last year included a one-time gain of Rs.8,924 crore from the sale of the company's stake in As...