{"id":397059,"date":"2021-01-23T11:56:39","date_gmt":"2021-01-23T06:26:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=397059"},"modified":"2021-01-23T12:39:54","modified_gmt":"2021-01-23T07:09:54","slug":"ril-beats-expectations-reliance-industries-q3-net-profit-soars-over-12-to-rs-13101-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-beats-expectations-reliance-industries-q3-net-profit-soars-over-12-to-rs-13101-crore\/","title":{"rendered":"RIL beats expectations: Reliance Industries Q3 net profit soars over 12% to Rs 13,101 crore"},"content":{"rendered":"<p>Reliance Industries Ltd\u2019s fiscal third quarter (October-December) net profit rose 12.55 per cent on-year to Rs 13101 crore, beating street estimates. Earlier, in the previous quarter July-September, RIL had posted Rs 10,602 crore of net profit. Reliance Industries\u2019 total income in the third quarter fell 20 per cent on-year to Rs 1.28 lakh crore. A CNBC TV18 poll of analysts had estimated RIL to post a net profit of Rs 11,066 crore on a revenue of Rs 1.26 lakh crore in the third quarter. Today, RIL share price fell 2.30 per cent to end at Rs 2,049.65 apiece on BSE, ahead of the results announcement. So far in January 2021, RIL share price has gained over 3 per cent, However, it is trading below its 52-week-high of Rs 2,368 per share. Analysts at Goldman Sachs find the RIL stock to be at an attractive entry point for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd\u2019s fiscal third quarter (October-December) net profit rose 12.55 per cent on-year to Rs 13101 crore, beating street estimates. Earlier, in the previous quarter July-September, RIL had posted Rs 10,602 crore of net profit. Reliance Industries\u2019 total income in the third quarter fell 20 per cent on-year to Rs 1.28 lakh crore. A CNBC TV18 poll of analysts had estimated RIL to post a net profit of Rs 11,066 crore on a revenue of Rs 1.26 lakh crore in the third quarter. Today, RIL share price fell 2.30 per cent to end at Rs 2,049.65 apiece on BSE, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-397059","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=397059"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/397059\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=397059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=397059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=397059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}