Reliance Industries' net profit rises 9% in Oct-Dec quarter

New Delhi, Jan 19 (PTI) Reliance Industries Ltd on Friday reported a 9 per cent 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 per cent 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. PTI