Jan 16, 2025 08:05 PM IST
Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit
Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit, PTI quoted the company filing.
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.
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