Markets: Reliance Industries, India’s most valued company, showcased robust Q3 performance with a 3% increase in revenue from operations, totaling Rs 2.48 lakh crore compared to the year-ago period. Notably, the conglomerate’s oil & gas segment reported a significant 50% surge in quarterly revenues, reaching Rs 6,719 crore. This boost was primarily driven by increased volumes, although partially mitigated by lower price realisation from the KG D6 Field.

Reliance Industries Limited unveiled its Q3FY24 results on January 19, reporting consolidated revenues of Rs 248,160 crore, marking a 3.2% YoY increase. The impressive performance was bolstered by sustained growth in consumer businesses. The company’s quarterly EBITDA reached Rs 44,678 crore, reflecting a robust 16.7% year-on-year growth, driven by positive outcomes across all business segments.

Live Update: Reliance Industries Limited (RIL) Q3 Results Showcase Strong Performance with a 10.9% Year-on-Year Surge in Consolidated Net Profit to Rs 19,641 Crore. The Profit Surge is Driven by Stellar Performances in Retail, Jio, and Oil & Gas Businesses, Outperforming Analysts’ Estimates. Stay Tuned for Key Takeaways as the Company Continues to Thrive in Q3 FY 2023-24.

Here are the major highlights from RIL Q3 results

1. “Reliance Industries Q3 Highlights: Robust Growth in Net Profit, Consolidated Revenue, and EBITDA“
2. “Driving Forces: Consumer Businesses and Oil & Gas Segment Propel Reliance’s 10.9% Profit Surge”
3. “Financial Triumph: Reliance’s Q3 Net Profit Soars to Rs 19,641 Crore, EBITDA Jumps 16.7%”
4. “Consolidated Excellence: Reliance’s Q3 Revenue Hits Rs 2.48 Lakh Crore, EBITDA Margin Expands”
5. “Jio Platforms and Retail Shine: Reliance’s Q3 Records 11.6% Net Profit Growth, Rs 83,063 Crore in Retail Revenue”
6. “Reliance Retail’s Milestone: Record Quarterly Revenue, Expanded Store Network, and Increased Footfalls”
7. “Oil & Gas Success: Reliance’s Exploration Segment Achieves 50.2% YoY Growth, Highest-Ever Quarterly EBITDA“
8. “Strategic Growth: Reliance Industries Q3 Sees Double-Digit Profitability Boost Across Key Sectors”
9. “Reliance’s Q3 Financial Performance: Profits Surge, Revenue Grows, and EBITDA Hits New Highs”
10. “Jio’s Stellar Performance: 11.6% Net Profit Growth, Record Revenue, and Increased ARPU in Q3″