New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd released its figures for December quarter net profit on Friday.Also Read - Reliance Acquires Future Group's Big Bazaar in Rs 24,000-Crore Deal Cleared by SEBI
Reliance Industries reported a 12 per cent rise in Q3 on improving oil-to-chemical business, strong continued momentum in retail and steady telecom unit Jio. Also Read - Look No Further to Shop, Reliance Set to Integrate JioMart With WhatsApp
Meanwhile, Reliance Jio’s Q3 net profit rose by 15.5 per cent to Rs 3,489 crore, with revenue at Rs 22,858 crore. Also Read - Reliance Capital's Total Outstanding Debt Rises to Rs 20,380 Crore
Consolidated net profit of Reliance Industries in October-December stood at Rs 13,101 crore, compared to Rs 11,640 crore net earning in the same period a year back, the company said in a filing to stock exchanges.
Revenue from operations was lower at Rs 1,28,450 crore in the third quarter of the current fiscal, as against Rs 1,57,165 crore a year back.
(With PTI inputs)