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2024

RIL Q1 Scorecard: 5 key takeaways for investors

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Reliance's net profit for the quarter was Rs 15,138 crore, falling 5% year-on-year and missing estimates, primarily due to weak refining margins, fuel cracks, and higher depreciation costs. However, revenue from operations grew by 12% YoY, driven by higher oil and product prices and strong volume growth in the oil and gas segment.