Results: Reliance Industries posted Q3 profit at Rs 21,804 crore, up 11.88 per cent as against Rs 19,488 crore during the same quarter of previous financial year.

Shares of Reliance Industries climbed as much as 5% in early trade on Friday, after the country's most valuable company topped quarterly profit estimates on strong demand in its retail and telecom units.

Reliance Industries reported a 7% YoY rise in consolidated net profit to Rs 18,540 crore for Q3, surpassing estimates. Revenue increased by 7% YoY to Rs 2.43 lakh crore. Strong performance across segments,

Reliance Q3 results are expected to be mixed, led by strong telecom earnings growth, improvements in refining margins, and moderate growth in retail business.

Reliance Industries beat expectations for third-quarter profit on Thursday, as its retail business benefited from strong festive demand, while its telecom unit was bolstered by higher cellular tariffs and a rise in 5G subscribers.

While RIL's Q3 revenue is anticipated to rise on a quarter-on-quarter basis, net profit is forecasted to grow at a faster pace sequentially.

Reliance Industries Ltd on Thursday (January 16) reported a 7.4% rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose.

Reliance Industries reported a better-than-expected third-quarter profit on Thursday, helped by strong demand in its retail segment, and as higher telecom tariffs and a rise in 5G subscribers boosted the telecom unit.

Reliance Industries Limited (RIL) on Thursday reported a 7.4 per cent rise in its December quarter profit, PTI quoted the company filing. The company reported a consolidated net profit of ₹18,540 crore,