Reliance Industries shares jump nearly 5% after Q3 earnings

Jan 17, 2025 - 13:00
Reliance Industries shares jump nearly 5% after Q3 earnings

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Reliance Industries Ltd surpassed analyst estimates with a 7.4% rise in net income, driven by strong gains in its telecom and retail units. Revenue increased by 6.6%, totaling 2.43 trillion rupees. Chairman Mukesh Ambani noted the resilience of the oil-to-chemicals business amid global volatility. The company also benefited from festive demand boosting retail performance.

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