Reliance Industries reported a 9% rise in its December quarter net profit, driven by stable performance in retail and telecom businesses, offsetting weakness in oil refining due to planned maintenance.
New Delhi, Jan 19 (PTI) Reliance Industries Ltd on Friday reported a 9 per cent rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals.
Net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December - the third quarter of the current 2023-24 fiscal - was 9.3 per cent higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company's stock exchange filing.
The revenue from operations was almost flat at Rs 2.2 lakh crore.
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