Mumbai: The early trend in the June quarter performance of India Inc shows that aggregate growth in revenue and profit was marred by the subdued numbers of Reliance Industries Ltd RIL ). The sample's operating margin contracted by 240 basis points YoY to 20.4%.The overall performance was skewed by RIL, the country's largest company by market cap and revenue. The company's revenue from operations and net profit fell 5.3% and 6.1% to Rs 2.1 lakh crore and Rs 18,258 crore, in that order, due to weakness in the oil-to-chemicals segment. The company's contribution to the sample's top line and net profit fell to 27.6% and 18.1% from 31.6% and 23.1% in the year-ago quarter, respectively. Their share in the total sample's revenue and net profit increased to 19% and 31.9% from 15.5% and 25.6% in the year-ago quarter, in that order.

Source: Economic Times July 24, 2023 21:06 UTC