Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) reported a 4.8 per cent year-on-year (Y-o-Y) decline in consolidated profit (attributable to the owners) at Rs 16,563 crore for the July-September quarter (Q2) of 2024-25, missing analysts' expectations by a wide margin. Revenues, too, disappointed. This marks the third straight quarter of declining profits on a Y-o-Y basis, of which the last two were primarily due to its weak oil-to-chemicals (O2C) business. This is for the sixth quarter in a row the firm has missed the brokeages’ forecast, according to Bloomberg. Had it not been for the consumer businesses and a surge in other income, the performance would have been even worse.