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).

The YoY decline in profit was due to an exceptional item from the sale of the Asian Paints stake in the same quarter last year.

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.

RIL's revenue from operations for the June quart...