Reliance Industries Q3 net profit rises 12% to Rs 13,101 crore

NEW DELHI: Reliance Industries Limited (RIL) on Friday reported a 12.6 per cent rise in its consolidated net profit for the third quarter (Q3) ended December 2020 mainly on account of improving oil-to-chemical business.
The company posted a net profit of Rs 13,101 crore in Q3 as against a profit of Rs 11,640 crore posted in the same period last year.
In terms of quarter-on-quarter (q-o-q) growth, RIL reported a 37 per cent jump in its net profit in the period under consideration as compared to Rs 9,567 crore recorded in the previous quarter.
Revenue from operations of the company was lower at Rs 128,450 crore in Q3 of the current fiscal, as against Rs 157,165 crore a year back.

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