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Reliance Industries posts marginal profit growth in December quarter
Reliance Industries reported marginal profit growth in Q3 as higher revenue from Jio and refining operations helped offset softer retail performance.
Reliance Industries reported a marginal rise in third quarter profit supported by steady growth across the telecom and refining segments. Consolidated net profit rose to Rs 18,645 crore, while revenue increased 11 % year on year. Strength in Jio subscriber additions and improved margins in the oil to chemicals business offset muted performance in retail, reflecting stable operational execution amid mixed demand conditions.