Reliance Industries on Thursday reported a internet revenue of Rs 10,251 crore for the October-December interval. That marked a rise of 8.Eight per cent from a internet revenue of Rs 9,420 crore within the corresponding interval a yr in the past, in keeping with a regulatory submitting by the corporate. Development in its petrochemicals and refining enterprise supported the consolidated internet revenue within the quarter ended December 31, 2018, beating Avenue estimates.
On a mean, 12 analysts had estimated the corporate’s internet revenue at Rs 9,648 crore for the three-month interval, information company Reuters reported citing knowledge compiled by Refinitiv Eikon. For the quarter ended September 30, the conglomerate had posted a internet revenue of Rs 9,516 crore.
Reliance Industries’ consolidated income grew 56.four per cent to Rs 1,60,299 crore.
Standalone internet revenue of Reliance Jio Infocomm, the telecom arm of Reliance Industries, stood at Rs 831 crore, 64.9 per cent greater from that of Rs 504 crore within the corresponding quarter a yr in the past. That marked a fifth consecutive worthwhile quarter for Reliance Jio.
Shares in Reliance Industries ended 0.three per cent decrease at Rs 1,133 apiece on the NSE, whose benchmark index Nifty completed a risky session 0.1 per cent greater, forward of the earnings announcement by the corporate.