Reliance Industries rises to Rs 9 423 crore, profit up 25%

The quarterly results for the company's chairman Mukesh Ambani have once again brought great good news.

New Delhi: Reliance Industries, the country's largest company, has announced the results of the third quarter of fiscal year 2017-18. Net profit for the third quarter ended December 31, 2012 is upto Rs 9423 crore. In the information sent to the stock exchanges, the company said that RIL's single net profits increased 5.4 percent to Rs 8,454 crore in the October-December quarter. The quarterly results for the company's chairman Mukesh Ambani have once again brought great good news.

High rise in earnings from
high refining margins has seen a sharp rise in the earnings of Reliance Industries from higher refining margins. During the quarter, the company received $ 11.6 after every barrel crude oil was converted into fuel. That is, in the third quarter, Reliance Industries's gross refining margin has decreased from $ 12 a barrel in the previous quarter to $ 11.60 a barrel. 

Reliance Jio's income rose 12 percent,
Reliance Group's telecom unit Reliance Jio earned its first net profit in the second quarter of commercial operations. In the October-December quarter, Geo has earned a net profit of Rs 504 crore for the first time. In the second quarter of the commercial operation, Geo's earnings increased 12 percent compared to the previous quarter. 

Consolidated results of the company
Consolidated basis, in the third quarter of fiscal year 2018, consolidated profits of Reliance Industries rose by 16.2 percent to Rs 9 423 crore. In the second quarter of fiscal year 2018, Reliance Industries's consolidated net profit was Rs 8,109 crore.

In the third quarter of fiscal year 2018, consolidated income of Reliance Industries rose 9.1 percent to Rs 99,810 crore. In the second quarter of fiscal year 2018, the consolidated income of Reliance Industries was Rs 91,481 crore.