Strong retail seasonal demand and telecom pricing helped Reliance exceed profit views, showing resilience across key consumer-driven units. (BizTrendWire Insight)
Reliance Industries beat expectations for third-quarter profit.
The Mumbai-based conglomerate reported results for the three months ended Dec. 31, 2024.
Consolidated net profit rose 7.4% to 185.40 billion rupees ($2.14 billion).
Analysts had expected about 180.38 billion rupees, according to LSEG data.
Revenue rose modestly during the quarter.
The uplift was driven by stronger performance in retail.
Retail revenue grew nearly 7% as festive demand lifted sales.
The telecom division also bolstered earnings.
Reliance Jio reported a 24.4% quarterly profit rise.
This was helped by higher tariffs and more 5G users.
However, some segments saw varied trends.
Oil-to-chemicals remains volatile, with refining margins under pressure.
Overall revenue increased year-on-year.
The diversified portfolio helped steady growth across units.
