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Profit Falls 20% On Lower Margins, Still Beats Estimates 


Reliance Industries Ltd.’s second-quarter profit fell on lower operating income and margins. The numbers were, however, better than what analysts expected.The Mukesh Ambani-led conglomerate’s consolidated profit declined 20.2% sequentially to Rs 15,512 crore in the quarter ended September, according to its exchange filing. That compares with the Rs 14,456.5-crore consensus estimate of analysts tracked by Bloomberg.  R…





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