NEW DELHI: Oil-to-telecom major Reliance Industries (RIL) on Friday reported a 37.90 per cent year-on-year (YoY) rise in net profit at Rs 20,539 crore for the December 2021 quarter, aided by one-time exceptional gains.
The Mukesh Ambani-led company had reported a profit of Rs 14,894 crore in the corresponding quarter last year.
Reliance’s retail segment clocked a 23 per cent jump in YoY profits while the telecom segment logged an 8.9 per cent rise in third quarter profits, the company said in a BSE filing.
The consolidated revenue from operations grew 54.25 per cent YoY to Rs 1,91,271 crore from Rs 1,23,997 crore in the same quarter last year. Net profit margin came in at 9.8 per cent compared with 8.1 per cent in September quarter and 10.8 per cent in the year-ago quarter.
