By Olivia Bugault
Reliance Industries Ltd. (500325.BY) said Friday that its fiscal third-quarter net profit rose 14%, after a significant decline in earnings before interest and taxes at its petrochemicals segment was offset by its organized retail and digital-services businesses.
Net profit for the October-December quarter stood at 116.40 billion Indian rupees ($1.64 billion) compared with INR102.51 billion a year earlier, it said.
The Indian conglomerate was expected to report earnings of INR111.27 billion, according to FactSet.
Its revenue for the quarter fell to INR1.689 trillion from INR1.713 trillion in the year-earlier period.
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