What drove RIL’s record quarterly show: Key highlights of Q3 earnings

Mumbai: Oil-to-telecom conglomerate Reliance IndustriesNSE 2.80 % (RIL) on Friday posted its highest-ever quarterly profit for the October-December period at Rs 11,640 crore, recording a 13.5 per cent bottom line expansion from a year ago on strong show by its retail and telecom businesses.

“I am pleased with the progress of our consumer businesses, which continue to establish new milestones every quarter. We saw consistent same-store sales growth and record footfalls across our stores driven by our compelling proposition of great shopping experience and superior value. Jio is focused on giving unmatched digital experience to consumers on a nationwide basis at most affordable price, and accordingly it is expanding network capacity and coverage to keep pace with demand,” said Mukesh Ambani, Chairman and Managing Director.