{"id":548929,"date":"2023-01-21T09:48:04","date_gmt":"2023-01-21T04:18:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=548929"},"modified":"2023-01-21T10:28:12","modified_gmt":"2023-01-21T04:58:12","slug":"ril-q3-results-net-profit-slips-15-but-tops-estimate-revenue-up-17","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-q3-results-net-profit-slips-15-but-tops-estimate-revenue-up-17\/","title":{"rendered":"RIL Q3 results: Net profit slips 15% but tops estimate, revenue up 17%"},"content":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 15,792 crore for the quarter ended December 31, 2022 (Q3FY23). This was down nearly 15 per cent year-on-year (YoY) from Rs 18,549 crore, but a tad ahead of expectations.<\/p>\n<p>A poll of brokerages by Bloomberg had pegged net profit at Rs 15,611 crore for Q3, implying that analysts factored in a drop in the bottom-line. This was due to volatility in global crude prices during the October-December period, said sector experts.<\/p>\n<p>Moreover, interest and depreciation expenses jumped as RIL undertook expansion in its retail and telecom businesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 15,792 crore for the quarter ended December 31, 2022 (Q3FY23). This was down nearly 15 per cent year-on-year (YoY) from Rs 18,549 crore, but a tad ahead of expectations. A poll of brokerages by Bloomberg had pegged net profit at Rs 15,611 crore for Q3, implying that analysts factored in a drop in the bottom-line. This was due to volatility in global crude prices during the October-December period, said sector experts. Moreover, interest and depreciation expenses jumped as RIL undertook expansion in its retail and telecom [&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":[135,130,169],"tags":[],"class_list":["post-548929","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548929","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=548929"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548929\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=548929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=548929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=548929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}