Reliance Industries is projected to report a 3.7% decline in quarterly profits for Q4, driven by rising oil prices amid Middle Eastern conflict. Despite an expected 8.1% increase in revenues, high crude premiums and operating costs are impacting profitability. The Indian government is responding to a supply crisis by expanding city pipeline gas networks to reduce reliance on LPG cylinders.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue