NEW DELHI: Reliance Industries Ltd on Friday reported a 9% rise in its December quarter net profit as a planned maintenance-induced weakness in oil business earnings was offset by stability in retail and telecom verticals.
Net profit of Rs 17,265 crore, or Rs 25.52 per share, in October-December – the third quarter of the current 2023-24 fiscal – was 9.3% higher than Rs 15,792 crore, or Rs 23.19 a share, earning a year back, according to a company’s stock exchange filing.
The revenue from operations was almost flat at Rs 2.2 lakh crore.