Business Standard

RIL Q3 results: Net profit slips 15% but tops estimate, revenue up 17%

Crude price volatility weighs on PAT; board clears raising Rs 20K cr via NCDs

Reliance, Reliance Industries

Viveat Susan Pinto Mumbai
Mukesh Ambani-led Reliance Industries (RIL) on Friday reported a consolidated net profit of Rs 15,792 crore for the quarter ended December 31, 2022 (Q3FY23). This was down nearly 15 per cent year-on-year (YoY) from Rs 18,549 crore, but a tad ahead of expectations.
A poll of brokerages by Bloomberg had pegged net profit at Rs 15,611 crore for Q3, implying that analysts factored in a drop in the bottom-line. This was due to volatility in global crude prices during the October-December period, said sector experts.
Moreover, interest and depreciation expenses jumped as RIL undertook expansion in its retail and telecom

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 20 2023 | 7:26 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to