Reliance Industries Quarterly Profit Rises 25%

By FeaturesDow Jones Newswires

Indian energy-to-telecoms conglomerate Reliance Industries Ltd. (500325.BY) posted a 25% growth in net profit for the last quarter, thanks to improved margins from its petrochemical and telecom businesses.

Net profit stood at 94.23 billion rupees ($1.5 billion) in the three months through December, up from 75.33 billion rupees a year ago and ahead of the 84.84 billion rupees predicted by a poll of analysts by Thomson Reuters.

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Reliance revenue rose 31%.

The company gets almost 95% of its profit from oil and petrochemicals. In recent years, it has been investing to expand into new sectors such as telecommunications, retail and e-commerce.

Reliance last year started offering cut-rate mobile services to promote its new telecom venture Jio, which it claims now has more than 160 million subscribers.

Write to Vibhuti Agarwal at

(END) Dow Jones Newswires

January 19, 2018 09:15 ET (14:15 GMT)

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