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Global oil volatility, geopolitical tensions drag RIL exports to five-quarter low
Business Standard
|October 21, 2024
The global oil market has been volatile ever since the pandemic, with multiple geopolitical tensions in quick succession and this has dragged RIL's Q2 exports to a new low. Reflective of this, Reliance Industries' (RIL) exports in the latest quarter has hit multi-quarter lows, both in terms of absolute value and as a share in its oil-to-chemicals (O2C) revenue.
In the September-2024 ended quarter, RIL reported exports worth ₹70,631.00 crore. This, the company, said is 16 per cent lower from a year ago. Data collated by Business Standard from past disclosures shows RIL's Q2 exports are now at a five-quarter low.
An email query sent to Reliance Industries remained unanswered.
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