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20-Jul-2024

Reliance Industries

Weak O2C margins and higher depreciation impacted profits


'Consolidated net sales (including other operating income) of Reliance Industries has increased 11.67% to Rs 231784 crore led by O2C on higher oil & product prices and Oil & Gas segment with strong growth in volumes. Steady growth in consumer businesses also contributed to increase in revenue. Sales of Others segment fell 32.24% to Rs 12,080.00 crore (accounting for 4.22% of total sales).  Sales of Oil and Gas segment has gone up 33.40% to Rs 6,179.00 crore (accounting for 2.16% of total sales).  Sales of Digital Services segment has gone up 10.58% to Rs 35,470.00 crore (accounting for 12.38% of total sales).  Sales of Oil to Chemicals (02C) segment has gone up 18.12% to Rs 1,57,133.00 crore (accounting for 54.85% of total sales).  Sales of Retail segment has gone up 8.10% to Rs 75,630.00 crore (accounting for 26.40% of total sales).  Inter-segment sales rose Rs 26,397.00 crore to Rs 28,669.00 ...



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