Reliance Industries net profit rises 12.5% to Rs 13,101 crore in Q3

Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 12.5 per cent rise in consolidated net profit to Rs 13,101 crore for the quarter ended December, 2020. The net profit was Rs 11,640 crore during the same period a year ago and Rs 9,567 crore in September (2020) quarter.
 

Consolidated net revenue declined 22 per cent to Rs 1.23 trillion in December quarter compared to Rs 1.57 trillion during the year-ago period, the company said in a filing. The revenue was Rs 1.16 trillion in the September quarter 2020. 

Commenting on the results, Reliance Industries chairman MuKesh Ambani said: