Billionaire Mukesh Ambani’s Reliance Industries Ltd on Friday reported a flattish web revenue for the September quarter after a newly launched windfall revenue tax dented mainstay oil earnings.
The oil-to-retail-to-telecom conglomerate’s consolidated revenue of ₹13,656 crore throughout July-September – the second quarter of the 2022-23 fiscal yr – in comparison with ₹13,680 crore within the year-ago interval, it stated in a inventory alternate submitting.
The revenue fell 24 per cent quarter-on-quarter.
The group’s retail and telecom companies saved the day with bumper earnings.