Reliance Industries Ltd (RIL) on Monday recorded a 4.78 per cent drop in its consolidated net profit during the second quarter of the ongoing financial year 2024-25 (Q2 FY25). During the quarter under review, the company’s net profit came at Rs 16,563 crore as against Rs 17,394 crore in the year-ago period.

RIL’s total income rose 0.65 per cent to Rs 2,40,357 crore from Rs 2,38,797 crore in the corresponding quarter last year.

The Mukesh-Ambani led firm said its gross revenue remained stable year-on-year (YoY) at Rs 2,58,027 crore ($30.8 billion).

“Reliance once again demonstrated the resilience of its diversified business portfolio. Our performance reflects robust growth in Digital Services and Upstream business. This helped…