Reliance Industries shares settle nearly 3 pc higher after Q3 earnings

New Delhi, Jan 17 (PTI) Shares of Reliance Industries Ltd on Friday ended nearly 3 per cent higher after the firm reported a 7.4 per cent rise in the December quarter net profit.

The bellwether stock ended at Rs 1,301.30 apiece, up 2.57 per cent on the BSE. During the day, it jumped 4.44 per cent to Rs 1,325.10.

On the NSE, it climbed 2.64 per cent to settle at Rs 1,300 per share after swelling 4.70 per cent to Rs 1,326 during the day.

The company’s market valuation surged Rs 44,115.55 crore to Rs 17,60,967.69 crore.

In volume terms, 15.14 lakh shares of the firm were traded on the BSE and 293.66 lakh shares on the NSE during the day.

Reliance Industries Ltd on Thursday reported a 7.4 per cent rise in its December quarter net profit as retail business rebounded, telecom earnings surged on higher tariffs and mainstay oil and petrochemicals business delivered consistent performance.

Its consolidated net profit of Rs 18,540 crore, or Rs 13.70 per share, in October-December – the third quarter of April 2024 to March 2025 fiscal (FY25) – was up compared to Rs 17,265 crore, or Rs 12.76 a share, in the same period a year back, according to a company statement.

Profit was up sequentially too from Rs 16,563 crore in the July-September quarter.

The profit before tax (EBITDA) rose 7.8 per cent to Rs 48,003 crore. This was despite an almost 7 per cent rise in finance cost due to higher debt (Rs 3.5 lakh crore as of December 31, 2024, compared to Rs 3.36 lakh crore in September and Rs 3.11 lakh crore in December 2023).

Its revenue was up 7.7 per cent year-on-year to Rs 2.67 lakh crore.