Reliance Industries Ltd, which operates the world's largest refinery complex in Gujarat, has fallen 1.1 per cent.
According to Reuters calculations, the company’s December-quarter consolidated operational profit fell 11.5 per cent QoQ.
Higher-than-expected other income and lower depreciation have helped the reported net profit, investors say.
About 60 per cent drop in crude oil prices since June has led to inventory losses and tepid interest from buyers, Reliance says.