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Reliance Q3: Profit rises 13% to Rs 11,640 cr

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NEW DELHI: Mukesh Ambani-led Reliance IndustriesNSE 2.80 % on Friday beat Street estimates in December quarter earnings, as it posted 13.55 per cent year-on-year (YoY) rise in profit at Rs 11,640 crore on robust growth in telecom and retail verticals.Analysts in an ET NOW poll had estimated the profit number at Rs 11,400 crore.The company’s overall revenue declined 2.48 per cent to Rs 1.57 lakh crore from Rs 1.61 lakh crore in the year-ago period.

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