Reliance Industries Q3 Results: Consolidated Profit Rises 9% YoY to Rs 17,265 Crore, Tops Estimates

Reliance Industries Limited (RIL), led by Mukesh Ambani, has reported a 9% year-on-year increase in consolidated profit for the third quarter ending in December, reaching Rs 17,265 crore, surpassing market estimates. The profit for the same quarter last year stood at Rs 17,706 crore.

During the third quarter, the company’s total revenue witnessed a growth of 3.2% to reach Rs 2,48,160 crore, compared to Rs 2,40,532 crore in the corresponding period of the previous financial year. RIL stated that it has restated the figures from the previous year to demonstrate the segregation of financial services business.