1. Reliance Industries Q3 expectations: Net profit and revenue likely to remain flat

Reliance Industries Q3 expectations: Net profit and revenue likely to remain flat

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1 min read • Updated: January 19, 2024, 1:39 PM

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Summary

Ahead of the Q3 result, Reliance Industries (-0.2%) shares traded in the red, with a day low of ₹2,718 per share.

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RIL stock is trading 0.2% lower today ahead of the Q3 result

Reliance Industries will announce its results for the December quarter today. As per the consensus market estimate, the oil-to-telecom conglomerate could report a net profit of ₹18,080 crore and a revenue of ₹ 2.33 lakh crore for the third quarter.

Mukesh Ambani-led firm reported a net profit of ₹17,394 crore in the previous quarter, up 27% YoY. Meanwhile, the company’s total revenue from operations was almost flat at ₹2.34 lakh crore.

The company stock is trading 0.2% lower today ahead of the Q3 result. However, the stock is up 5.5% so far this month.