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Reliance Industries gains 3% post Q3 results

The stock was up nearly 3% to Rs 954 on BSE in intra-day trade after the company reported a 25% rise in a consolidated net profit at Rs 94.23 billion for Q3FY18

RIL
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SI Reporter Mumbai
Reliance Industries (RIL) was up nearly 3% to Rs 954 on BSE in intra-day trade after the company reported a 25% rise in a consolidated net profit at Rs 94.23 billion for the October-December 2017 quarter (Q3FY18) with higher profitability in petrochemicals and its telecom venture Jio. The company had profit of Rs 75.33 billion during the quarter ended December 2016.

The consolidated net revenue of the company increased by 25.7% in Q3FY18 to Rs 998 billion, as against Rs 794 billion during the corresponding period in 2016.

RIL’s telecom business, Jio, reported a net profit of Rs

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