Q3 Results: Reliance’s profit rises 7.4% in December quarter to 18,540 crore

New Delhi| Reliance Industries has released the December quarter results. Integrated net profit for the third quarter of the current fiscal year ended December rose 7.4 percent to Rs 18,540 crore, according to the company’s filing. Profits have increased due to the growth in the company’s retail business and increase in earnings in the telecom sector. Reliance said in its information to the stock market on Thursday that its consolidated net profit in the October-December quarter of the current financial year 2024-25 has been Rs 18,540 crore, or Rs 13.70 per share. Earlier in the same quarter of the financial year, the company had made a profit of Rs 17,265 crore i.e. Rs 12.76 per share.

The company’s profit in the July-September quarter of the current financial year was Rs 16,563 crore. The company’s operating income stood at Rs 2.43 lakh crore in the December quarter from Rs 2.27 lakh crore in the same quarter of 2023-24 a year earlier.

Telecom company Reliance Jio’s net profit has increased by 24 percent in the October-December quarter of the current financial year. The average earnings per customer (ARPU) of the company has increased due to fee increase. Its net profit on standalone basis has increased to Rs 6,477 crore in the December quarter from Rs 5,208 crore in the same quarter of the previous financial year. The company’s net profit in the July-September quarter was Rs 6,231 crore. Jio’s operating income rose to Rs 29,307 crore in the December quarter from Rs 25,368 crore in the same quarter of the previous fiscal year.

Information technology (IT) services major Infosys’ consolidated net profit has increased by 11.46 per cent year-on-year to Rs 6,806 crore in the October-December quarter of the current financial year. The company’s net profit in the same quarter of the previous financial year was Rs 6,106 crore.

Infosys reported to the stock market that its operating income rose 7.58 per cent to Rs 41,764 crore in the quarter under review from Rs 38,821 crore in the same period last fiscal.

Financial services and manufacturing contributed 27.8 per cent and 15.5 per cent of revenue, respectively. Retail and energy followed. Infosys recorded double digit growth in India and Europe on an annual basis. North America recorded an annual growth of about five percent.