Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Asian Paints stake sale lifts RIL profit in Q1; net earnings up 78% to ₹27k cr
The New Indian Express Madurai
|July 19, 2025
ON the back of stake sale in Asian Paints, Mukesh Ambani-led Reliance Industries Ltd's (RIL) consolidated net profit grew 78.32% in the first quarter of financial year 2026 (Q1FY26) to ₹26,994 crore as against ₹15,138 crore profit reported in the same period last fiscal.
RIL pocketed ₹8,924 crore from its stake sale in Asian Paints, and excluding this one-time gain, the conglomerate's profit stood at ₹18,070 crore in Q1FY26, higher by 19% than Q1FY25 profit. The company had reported a PAT of ₹19,407 crore in the preceding March quarter (Q4FY25). RIL's revenue from operations stood at ₹248,660 crore, a 5.27% year-on-year growth from ₹236,217 crore in Q1FY25. Sequentially, there was a decline as RIL's revenue stood at ₹288,138 crore in Q4FY25.
This story is from the July 19, 2025 edition of The New Indian Express Madurai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Madurai
The New Indian Express Madurai
SIZING UP SWADESHI AMBITION
HE meteoric rise of Zoho's messaging app Arattai in India looks like a real-world example of aapada mein avsar (opportunity in adversity), a stage prop which usually serves to dress up debacles as challenges that fortune considerately strews in our path.
3 mins
October 18, 2025
The New Indian Express Madurai
HC puts PMLA authority on notice for action on Akash in Tasmac case
THE Madras High Court on Friday issued statutory notice to the PMLA Adjudicating Authority for issuing summons to film producer Akash Baskaran by disobeying the interim orders of the court staying all further proceedings initiated under the Prevention of Money Laundering Act (PMLA) in connection with the raids on his premises linked to the alleged Tasmac scam.
1 min
October 18, 2025
The New Indian Express Madurai
Chennai-based Sify Infinit Spaces files DRHP for ₹3,700 crore IPO
To utilise net proceeds for capital expenditure
1 mins
October 18, 2025
The New Indian Express Madurai
ICAR to revive 5-yr plan to achieve 'Vision 2047' goals
FOLLOWING a letter from the Cabinet Secretary, the Director General of the Indian Council of Agricultural Research (ICAR) has issued 18 actionable points for immediate implementation.
1 mins
October 18, 2025
The New Indian Express Madurai
SC flags digital arrests, says assault on rule of law
VOICING serious concern over digital arrests, the Supreme Court on Friday took suo motu cognisance of such incidents in which fraudsters allegedly impersonate law enforcement agencies and fabricate judicial orders to extort money from people, particularly senior citizens, and sought responses from Centre and the CBI.
1 mins
October 18, 2025
The New Indian Express Madurai
Setback to Choksi as Belgian court okays diamond bizman extradition
ONE of the eight Antwerp courts for distinct civil and criminal matters has ruled that fugitive Indian diamond merchant Mehul Choksi can be extradited to India, and termed his arrest by the Belgian authorities on the basis of India's request valid, officials here said on Friday.
2 mins
October 18, 2025
The New Indian Express Madurai
Market runs out of silver, price turns red hot
AS gold prices have touched an all-time high in the market and continues to soar, there is an influx of investments in silver, forcing customers to wait up to 10 days to purchase silver bullion.
2 mins
October 18, 2025
The New Indian Express Madurai
EPS indulging in ‘Insta reel politics’, says Sivasankar
TRANSPORT Minister SS Sivasankar blamed AIADMK general secretary Edappadi K Palaniswami for indulging in “Insta reels politics\" because of his new acquaintances, indirectly referring to his recent support for actor Vijay's TVK.
1 min
October 18, 2025
The New Indian Express Madurai
Diwali time, rise in sugar intake alarming: Experts
WITH sugar consumption soaring despite a rise in diabetes and pre-diabetes, experts are concerned that the upcoming Diwali could pose serious health risks.
1 mins
October 18, 2025
The New Indian Express Madurai
Maaya, Sahaja given wild cards for Chennai Open
INDIA'S Maaya Rajeshwaran and Sahaja Yamalapalli have been given wild cards for the upcoming WTA Chennai Open at the SDAT Nungambakkam Stadium. It's the first time that city will play host to a tour-level event in three years. The last time the Stadium played host to one, Czech teen Linda Fruhvirtova walked away with the title.
1 min
October 18, 2025
Listen
Translate
Change font size