RIL Q1 profit falls 22% as year-ago quarter included Asian Paints gain
Reliance Industries reported a 22% year-on-year decline in net profit for the June quarter. The decrease is attributed to a one-time gain from the sale of Asian Paints shares that inflated the previous year's figures.
Why it matters
As India's largest conglomerate, Reliance's financial performance is a key indicator of the health of the broader Indian corporate sector.
Reliance Industries Ltd. on Friday (July 17, 2026) reported a 22% year-on-year decline in consolidated net profit for the June quarter as earnings in the year-ago period were boosted by a one-time gain from the sale of shares in Asian Paints.
Net profit attributable to owners of the company stood at $20,946 crore for the quarter ended June 30 compared to ₹26,994 crore a year earlier, according to a stock exchange filing.
Reliance's June quarter of FY26 had included an exceptional gain of ₹8,924 crore from the sale of its stake in Asian Paints, making the year-on-year comparison unfavourable.
RIL created five times value for shareholders in 10 years
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