Shares of Reliance Industries climbed as much as 5% in early trade on Friday, after the country's most valuable company topped quarterly profit estimates on strong demand in its retail and telecom units.

The shares of the Mukesh Ambani-led conglomerate surged by nearly 3% after robust Q3 figures, beating D-street estimates

Reliance Industries reported a 7% YoY rise in consolidated net profit to Rs 18,540 crore for Q3, surpassing estimates. Revenue increased by 7% YoY to Rs 2.43 lakh crore. Strong performance across segments,

Reliance Industries beat expectations for third-quarter profit on Thursday, as its retail business benefited from strong festive demand, while its telecom unit was bolstered by higher cellular tariffs and a rise in 5G subscribers.

Reliance Industries Ltd on Thursday (January 16) reported a 7.4% rise in its December quarter net profit, as its retail business rebounded and telecom earnings rose.

While official numbers are not available, RCPL closed FY24 with revenues of around ₹3,000 crore, according to people familiar with the company’s plans

In the December quarter, Reliance Retail's total number of transactions also went up almost 11 per cent to 35.5 crore from 32 crore a year earlier.

By Sethuraman N R (Reuters) -Shares of Reliance Industries rose nearly 5% on Friday and were set for their best week in six months, as the company beat quarterly profit estimates on a boost from its retail business,

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