(Photo: Reuters)
(Photo: Reuters)

RIL Q3 net profit rises 13.5% to a record 11,640 cr

  • The consolidated revenue from operations during the quarter fell 2.5% to 1.5 trillion
  • Shares of Reliance Industries on Friday closed nearly 3% higher

Backed by higher earnings from retail, telecom business, Reliance Industries on Friday reported 13.5% increase in consolidated net profit at a record 11,640 crore for the quarter ended 31 December, 2019. The company reported consolidated net profit of 10,251 crore in the year-ago period.

The consolidated revenue from operations during the quarter fell 2.5% to 1.57 trillion as against 1.61 trillion in the year-ago period.

Shares of Reliance Industries on Friday closed nearly 3% higher ahead of scheduled declaration of its December 2019 quarter earnings later in the day.

The scrip of the country's most valued firm jumped 2.79% to close at 1,580.65 on the BSE. During the day, it climbed 3% to 1,584.80.

At the NSE, it gained 2.8% to close at 1,581.

With the rise in its share price, the company's market valuation also moved up by 27,243.11 crore to 10,02,009.11 crore on the BSE.

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