Mukesh Ambani-led Reliance Industries Ltd (RIL) on Friday posted a marginal 0.56% year-on-year (YoY) growth in its consolidated net profit at Rs 18,645 crore in the third quarter. The profit is attributable to shareholders of the company. Revenue from operations in the same period rose 11% YoY to Rs 2.69 lakh crore. On a sequential basis, the profit increased 3% from Rs 18,165 crore reported in the September quarter. Revenues jumped 4% quarter-on-quarter.The oil-to-telecom conglomerate reported an EBITDA of Rs 50,932 crore, which is up 6% YoY, led by strong operating performance in Jio and O2C businesses.
Reliance Industries sees marginal profit growth in Q3 driven by O2C, Jio
