RIL Q3 net profit up 8.8% to Rs 10,251 cr on petrochem, retail, telecom

RIL becomes first private sector Indian company to cross Rs 10,000-cr profit mark

Oil to telecom conglomerate Reliance Industries Limited (RIL) reported a net profit of Rs 10,251 crore for the December quarter, a rise of 8.8 per cent, helped by record performance in its petrochemicals, retail and telecom businesses. With this, it became the first private sector Indian company to cross the Rs 10,000 crore profit mark.  

For the December 2018 ended quarter, the company reported a consolidated net profit of Rs 10,251 crore against Rs 9,420 crore in the same quarter a year back. Consolidated revenue in the same quarter grew 55.9 per cent to Rs 1.71 trillion. In a