Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit for the quarter ended December 2023.
During the quarter under review, RIL’s net profit rose to Rs 17,265 crore, while its revenue increased 3.9 per cent Y-o-Y to Rs 2.25 trillion. Its reported profit after tax from continuing operations was Rs 19,641 crore, up 10.9 per cent in a year. Sequentially, RIL’s net profit attributable to the company’s owners fell 0.7 per cent, while revenue fell 2.9 per cent.
