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Reliance Industries Shares Slide After Q1 Results Fail to Meet Street Expectations
RIL shares fell over 2 percent as investors focused on earnings quality, with Q1 profit growth driven mainly by higher other income rather than core operations.
Reliance Industries shares declined over 2 percent after the company’s June quarter results fell short of analyst expectations despite strong headline numbers. The stock dropped to around ₹1,440 on the NSE as investors reacted to earnings quality concerns. While EBITDA rose nearly 11 percent and margins improved, net profit growth was largely driven by a sharp surge in other income from investment sales, including partial stake monetisation in Asian Paints, tempering market sentiment.