21-July-2025
Corporate News
 
RIL Q1 profit surge: 5 takeaways- Asian Paints stake sale gain to retail push
19-Jul-2025

Mukesh Ambani-led Reliance Industries has reported a robust 78.32 per cent rise in consolidated net profit for the first quarter, reaching Rs 26,994 crore.The Chairman, in his note to shareholders, reiterated that the “business will be doubling ever 4-5 years,” The company’s other income for the quarter stood at Rs 15,119 crore, significantly higher than Rs 3,983 crore in Q1FY25. A major portion of this gain—Rs 8,924 crore—came from the sale of its stake in Asian Paints. Excluding the proceeds from this stake sale and other listed investments, EBITDA for the quarter rose 15 per cent year-on-year (Y-o-Y), while Profit After Tax (PAT) increased by 25 per cent Y-o-Y.

News Source:- https://www.financialexpress.com/business/industry-ril-q1-profit-surge-5-takeaways-asian-paints-stake-sale-gain-to-retail-push-3919501/