Reliance Industries Q1 Profit Soars 78% on Consumer Business Strength

Reliance Industries, a big Indian company, made a lot more money this past quarter.

Their profit went up by a huge 78% to about Rs 26,994 crore, driven by strong performance in consumer businesses.

Jio, their phone and internet service, also did well, with more customers and higher profits.

Reliance Retail, their stores, made more money too.

The oil and chemical part of the business did a little less well due to some shutdowns, but profits were still good overall.

The company is expanding and seeing growth in its different areas.