RIL Q3 results: Net profit jumps 42% to Rs 18,549 cr, beats estimates

Retail business quarterly revenue crosses Rs 50,000 cr

Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday reported a consolidated net profit of Rs 18,549 crore in the quarter ended December 2021 (Q3), up 42 per cent over the corresponding period in the previous year on increased revenues and one-time gains due to divesting shale gas assets in North America.

At the reported level, India’s most valuable company’s net profit in the period under review was at a quarterly record high of Rs 20,539 crore, up 37.9 per cent year-on-year.

The company’s consolidated revenues (net of taxes) in Q3 of 2021-22 stood at Rs 1,85,027 crore, up 57 per