Reliance Industries shares fall nearly 1% after Q3 earnings

PTI Updated - January 20, 2024 at 04:41 PM.

Reliance Industries reports a 9.3% rise in consolidated net profit to ₹17,265 crore in Q3 FY24

Reliance Industries Ltd | Photo Credit: REUTERS

Shares of Reliance Industries Ltd fell 1.30 per cent in morning trade on Saturday after the company reported its quarterly earnings.

The oil-to-retail-to-telecom conglomerate's consolidated net profit of ₹17,265 crore in the third quarter of the current fiscal was 9.3 per cent higher compared to the year-ago period.

However, the company's quarter-on-quarter the profit was lower when compared to ₹17,394 crore earnings in the preceding three months ended September 30.

RIL shares fell to ₹2,713.20 apiece, down 0,80 per cent compared to the previous close on the BSE.

The 30-share benchmark Sensex ended 259.58 points lower to settle at 71,423.65.

Published on January 20, 2024 06:57

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