RIL Q3 profit falls 13% to Rs 17,806 cr, will raise up to Rs 20,000 cr for expansion
Mumbai: Reliance Industries Ltd NSE -1.19 % (RIL), India’s biggest company by market capitalisation, reported a 13% drop in consolidated profit for the third quarter on the back of weak oil-to-chemicals performance, which was partly offset by growth in the consumer businesses. Net profit fell to ₹17,806 crore from ₹20,539 crore a year ago. Jio Platforms Ltd (JPL), which includes the group’s mobile unit, saw fiscal third-quarter net profit rise 28.6%. Reliance Retail’s net profit rose 6.2%.
