
The oil and gas sector witnessed mixed activity today, with stocks showing varied trends across major players. Reliance Industries Limited (RIL) emerged as a key highlight with its robust Q3FY25 results, while other stocks displayed varied performances in the market.
Reliance Industries Q3 Results
Reliance Industries reported a 7% year-on-year (YoY) increase in consolidated net profit, reaching ₹18,540 crore for the third quarter. Revenue from operations grew by 6.7% YoY to ₹2.43 lakh crore, surpassing analysts’ expectations. The performance was driven by strong growth across its diversified business segments, particularly in retail and digital services.
Key Highlights:
- Oil-to-Chemicals (O2C): Revenue at ₹1,49,595 crore, up 6.0% YoY.
- Oil and Gas: Revenue of ₹6,370 crore, a 5.2% YoY decline but up 2.4% QoQ.
- Retail: Revenue at ₹90,351 crore, up 8.8% YoY and 18.4% QoQ.
- Digital Services: Revenue at ₹39,733 crore, up 18.7% YoY and 4.4% QoQ.
Oil & Gas Stock Performance
Here’s a summary of the sector’s stock movements today:
- ONGC: Up 0.99% to ₹265.78
- BPCL: Gained 1.97% to ₹272.15
- Reliance Industries: Rose 2.50% to ₹1,298.10
- MRPL: Up 3.27% to ₹143.10
- Oil India: Increased 1.05% to ₹475.75
- Chennai Petro: Gained 1.13% to ₹584.95
Stocks that declined include:
- Dolphin Offshore: Down 1.20% to ₹515.00
- Asian Energy: Fell 1.37% to ₹356.00
- Aban Offshore: Dropped 0.43% to ₹57.27
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