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Jio, retail boost Reliance's profit by 12% in Dec qtr
Hindustan Times Amritsar
|January 17, 2025
CONSUMER BUSINESSES PERFORM WELL; OIL TO CHEMICALS SHOWS SIGNS OF REVIVAL
MUMBAI/ NEW DELHI: India's largest private company Reliance Industries Ltd posted nearly 12% higher net profit in the December quarter as its digital and retail businesses levelled up, and its legacy petrochemicals business showed signs of revival.
The Mukesh Ambani-led conglomerate on Thursday said net profit for the quarter jumped 11.7% from a year earlier to ₹21,930 crore, beating Bloomberg estimate of 18,326.2 crore. Consolidated quarterly revenue was up 7.7% at ₹2.67 trillion, against the Bloomberg estimate of ₹2.33 trillion. "The O2C business showcased its innate resilience, registering growth even in this prolonged period of volatility in the global energy markets," said Ambani, RIL's chairman and managing director.
This story is from the January 17, 2025 edition of Hindustan Times Amritsar.
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