RIL's Q1 operational revenue hits milestone with 25% YoY jump

Reliance Industries reported Q1 revenue from operations of Rs 3.12 lakh crore, up 25 percent year-on-year and the first time crossing the Rs 3 lakh crore mark in a quarter, including Rs 8,924 crore from the Asian Paints deal. Net profit attributable to owners fell to Rs 20,946 crore from Rs 26,994 crore a year earlier. The oil-to-chemicals segment revenue rose 30.4 percent, while retail and Jio Platforms saw profit pressures, with management calling the performance extraordinary given geopolitical and commodity volatility.