By Kim Richters
Reliance Industries Ltd. said Friday that its first-quarter net profit rose, but that it missed expectations.
The Indian conglomerate said net profit for the quarter ended June 30 rose to 179.55 billion Indian rupees ($2.25 billion) from INR122.73 billion a year earlier, missing an estimate of INR235.45 billion taken from a poll of analysts by FactSet.
First-quarter revenue increased to INR2.231 trillion from INR1.444 trillion a year earlier.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
07-22-22 1034ET