Reliance Industries Limited (RIL) reported an 8.1% drop in consolidated profit after tax to ₹20,616 crore for the March quarter, influenced by the ongoing conflict in the Middle East and other external disruptions affecting its energy business. This decline was somewhat mitigated by robust performances in its telecom and retail segments. The profit for the same quarter last year was ₹22,434 crore. For the full fiscal year, RIL saw an 18.5% increase in profit after tax, reaching ₹95,754 crore, with revenues rising 10% to ₹11.76 lakh crore. The fourth-quarter revenue also rose 13% to ₹3.25 lakh crore. RIL's chairman Mukesh Ambani noted that geopolitical tensions and volatile energy prices posed significant challenges. The oil-to-chemicals (O2C) segment's revenue increased 5.7% to ₹6.62 lakh crore, aided by higher domestic product placements. However, the overall profitability was impacted by rising costs and reduced refinery throughput due to sourcing difficulties. In contrast, Jio Platforms, RIL's telecom unit, reported a 13% year-on-year increase in Q4 net profit to ₹7,935 crore, driven by the expansion of 5G services and increased data consumption. The retail sector also performed well, with gross revenue of ₹98,232 crore, up 10.8% from the previous year, reflecting strong growth across various consumer segments.