18-January-2025
Corporate News
 
RIL Q3 results: Net profit rises 7.4% to Rs 18,540 cr, beats estimates
17-Jan-2025

Beating analyst estimates, oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Thursday reported a 7.4 per cent year-on-year (Y-o-Y) increase in its consolidated profit (attributable to the owners) to Rs 18,540 crore for the third quarter of the current financial year (Q3FY25). Consolidated profit before interest, depreciation, and taxes (PBIDT) for RIL was up 7.8 per cent Y-o-Y to Rs 48,003 crore. In a Bloomberg poll, 11 analysts estimated a consolidated revenue of Rs 2.33 trillion and nine foresaw a net income adjusted of Rs 18,326 crore for RIL in Q3FY25. Addressing the press, RIL Chairman and Managing Director (CMD) Mukesh Ambani said: “Robust growth in digital services business was led by sustained subscriber addition and consistent improvement in customer engagement metrics.

News Source:- https://www.business-standard.com/companies/results/reliance-industries-q3-results-net-profit-rises-7-4-to-rs-18-540-cr-125011601305_1.html