Mukesh Ambani’s Reliance Industries missed quarterly profit estimates on Friday, hurt by higher expenses and weak performance at its oil and gas segment. The unit’s performance was hit by weaker output and softer price realisations from its KG-D6 fields in Andhra Pradesh, a key source of domestic gas supply. Third-quarter average realised prices for KGD6 gas edged down from a year earlier, while prices for coal-bed methane gas fell more sharply, squeezing revenues. Consolidated net profit of ₹18,645 crore, or ₹13.78 per share, in October-December compared with ₹18,540 crore, or ₹13.70 per share, a year back. Revenue from the company’s oil-to-chemicals segment rose 8.4 per cent and core earnings climbed 14.6 per cent.

Source: The Telegraph January 17, 2026 04:46 UTC