Reliance Industries' Q3 net profit rises by 7.4% to ₹18,540 crore

Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit

Published on: Jan 16, 2025, 19:48:23 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit, PTI quoted the company filing.

Reliance Industries Chairman, and Managing Director Mukesh Ambani. (ANI)

The company reported a consolidated net profit of ₹18,540 crore, or ₹13.70 per share, in October-December the third quarter, more than the figure of ₹17,265 crore, or ₹12.76 a share, in the same period a year back, according to a stock exchange filing by the company.

Profit was also up sequentially from ₹16,563 crore in the July-September quarter, the report added.

The company's revenue from operations rose to ₹2.43 lakh crore from ₹2.27 lakh crore in October-December 2023.

Reliance Jio reports 24 per cent jump in Q3 net profit

In another development, Reliance Jio reported a 24 per cent jump in its October-December quarter net profit as average per-user revenue rose largely due to tariff hike, PTI reported.

Its standalone net profit of ₹6,477 crore in October-December 2024 compared to ₹5,208 crore in the same period a year back and ₹6,231 crore in the preceding July-September 2024 quarter, according to a stock exchange filing by the company.

Jio's revenue from operations was up at ₹29,307 crore from ₹25,368 crore in October-December 2023.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Reliance Industries Ltd

Stay updated with the latest Business News on Petrol Price, Gold Rate, Silver Rates, Diesel Prices along with Income Tax Calculator