Reliance Industries Q3 net profit jumps 13.5% to ₹11,640 crore
The consolidated net profit of Reliance Industries Ltd, the oil-to-telecom conglomerate owned by billionaire Mukesh Ambani, rose 13.5 per cent in the October-December quarter to ₹11,640 crore from a year ago despite a marginal decline in revenue from operations to ₹1,68,858 crore.
The consolidated net profit was at ₹10,251 crore on operational revenue of ₹1,71,300 crore in the third quarter of FY19.
The revenue decline was mainly due to a 10.6 per cent drop in the oil-to-chemicals business revenues which was partially offset by continuing growth in consumer business.
