Reliance clocks flat profit in Q3 as weak O2C revenue offsets gains in Jio
Reliance Industries Ltd. barely grew its bottomline in the fiscal third quarter as weak oil & gas revenue offset gains in the telecom and retail businesses.
Consolidated net profit of India’s largest company by market capitalisation rose 0.56% year-on-year to ₹18,645 crore on revenue that increased 10.51% to ₹2,69,496 crore, according to an exchange filing on Friday. Analysts polled by Bloomberg had estimated the bottomline at ₹19,896 crore.
