RIL Q1 PAT falls 22% to ₹20,946 crore, revenue up 25%
Reliance Industries Limited (RIL) reported a 22% decline in its profit after tax (PAT) to ₹20,946 crore for the first quarter of FY26, despite a 25% increase in revenue. The drop in PAT was influenced by an exceptional gain of ₹8,924 crore from the previous year’s sale of its stake in Asian Paints, which skewed year-on-year comparisons. Mukesh Ambani noted that the O2C business performed strongly, benefiting from high middle distillate cracks amid a challenging global energy market.