Jio, petrochemicals power RIL's Q3 show, net profit rises 25% to Rs 94.2 bn

Jio logs first net profit of Rs 5 bn in December quarter

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Friday reported a 25.1 per cent rise in net profit for the October-December 2017 quarter with higher profitability in petrochemicals and its telecom venture Jio reporting its first profit of Rs 5.04 billion.

The Mukesh Ambani-led conglomerate, at a consolidated level, posted a net profit of Rs 94.23 billion during the quarter under review, as against Rs 75.33 billion during the quarter ended December 2016.

The consolidated net revenue of the company increased by 25.7 per cent during the third quarter of 2017 to Rs 998.10 billion, as against Rs 794.08 billion during