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Profit Rises 7.9% Sequentially, Misses Estimates

Reliance Industries Ltd.’s first-quarter profit rose on better performance of oil-to-chemicals, retail and telecom businesses. Still, it missed estimates.The Mukesh Ambani-led conglomerate’s consolidated profit rose 7.9% sequentially to Rs 19,443 crore in the quarter ended June, according to its exchange filing. That compares with the Rs 21,615.4-crore consensus estimate of analysts tracked by Bloomberg.RIL Q1 FY23 Highlights (Q-o-Q)…

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